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Found 5 papers, 0 papers with code
Coherent Distorted Beliefs
We show that distortion coherence restricts belief distortions to have a particular function form: power-weighted distortions, where distorted beliefs are proportional to the original beliefs raised to a power and weighted by a state-specific value.
Context-Dependent Heterogeneous Preferences: A Comment on Barseghyan and Molinari (2023)
Barseghyan and Molinari (2023) give sufficient conditions for semi-nonparametric point identification of parameters of interest in a mixture model of decision-making under risk, allowing for unobserved heterogeneity in utility functions and limited consideration.
Attention Overload
We introduce an Attention Overload Model that captures the idea that alternatives compete for the decision maker's attention, and hence the attention that each alternative receives decreases as the choice problem becomes larger.
Correlated Choice
We study random joint choice rules, allowing for interdependence of choice across agents.
Choice with Endogenous Categorization
We propose and axiomatize the categorical thinking model (CTM) in which the framing of the decision problem affects how agents categorize alternatives, that in turn affects their evaluation of it.
