Decisions with Endogeneous Preference Parameters
CentER Discussion Paper Series No. 2010-21
19 Pages Posted: 22 Mar 2010
Date Written: February 28, 2010
We relate the normative implications of a model of decision-making with endogenous preference parameters to choice theoretic models (Bernheim and Rangel 2007, 2009; Rubinstein and Salant, 2008) in which observed choices are determined by frames or ancillary conditions.
Keywords: Decisions, choice, frames, standard, behavioral, welfare
JEL Classification: D01, D62, C61, I30
Suggested Citation: Suggested Citation