Browsing Faculty of Business by Subject "Choice"
Now showing items 1-5 of 5
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Aspiration-based choice
(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
(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
(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 ... -
Games with switching costs and endogenous references
(Wiley, 2022-05-25)We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy, and then taking switching costs into account, he selects a strategy from which there is no ... -
A theory of iterative choice in lists
(Elsevier, 2014-08)In a list, alternatives appear according to an order and the decision maker follows this order to evaluate alternatives. He records the first alternative as the initial survivor and then at every stage, he compares the ...
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