Browsing by Author "Richter, M."

Now showing items 1-3 of 3

Aspiration-based choice

Güney, Begüm; Richter, M.; Tsur, M. (Elsevier, 2018-07)

Numerous studies and experiments suggest that aspirations for desired but perhaps unavailable alternatives influence decisions. A common finding is that an unavailable aspiration steers agents to choose similar available ...
Costly switching from a status quo

Güney, Begüm; Richter, M. (Elsevier, 2018-12)

We axiomatically characterize a theory of status quo-dependent choice where an agent faces switching costs that depend upon both the status quo and the alternative he switches to. In a choice problem with a status quo, the ...
An experiment on aspiration-based choice

Güney, Begüm; Richter, M. (Elsevier, 2015-11)

This paper experimentally studies the influence of aspirations on choice. Motivated by the theoretical model of Guney et al. (2015), we consider choice problems which may include unavailable alternatives. In a choice ...