Decisions with Endogenous Frames

CentER Discussion Paper Series No. 2010-142

19 Pages Posted: 18 Jan 2011

See all articles by Patricio S. Dalton

Patricio S. Dalton

Tilburg University - Center for Economic Research (CentER)

Sayantan Ghosal

University of Glasgow - Adam Smith Business School

Date Written: November 30, 2010

Abstract

This paper contrasts the normative implications of a model of decision-making with endogenous frames to those of choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are determined by exogenous frames or ancillary conditions. We argue that frames, though exogenous to the individual at the point when choices are made, matter for welfare purposes.

Keywords: Decisions, Choice, Frames, Standard, Behavioral, Welfare

JEL Classification: D01, D62, C61, I30

Suggested Citation

Dalton, Patricio S. and Ghosal, Sayantan, Decisions with Endogenous Frames (November 30, 2010). CentER Discussion Paper Series No. 2010-142. Available at SSRN: https://ssrn.com/abstract=1742354 or http://dx.doi.org/10.2139/ssrn.1742354

Patricio S. Dalton (Contact Author)

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Sayantan Ghosal

University of Glasgow - Adam Smith Business School ( email )

Glasgow, Scotland
United Kingdom

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