A model of stochastic choice from lists
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DOI: 10.1016/j.jmateco.2021.102509
Abstract: Abstract We study stochastic choice from lists. All lists present the same set of alternatives albeit in different orders. Faced with a list , the decision maker makes her choice in two stages. In the… read more here.
Keywords: choice; choice lists; stochastic choice; decision maker ... See more keywords
Frame-based stochastic choice rule
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DOI: 10.1016/j.jmateco.2021.102553
Abstract: Abstract We consider an individual decision-making problem where the decision maker is subject to inattention. The source of this inattention is the frames with which the alternatives appear; leading to randomness in choice. We characterize… read more here.
Keywords: stochastic choice; frame based; based stochastic; choice ... See more keywords
Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?
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DOI: 10.1016/j.socec.2021.101708
Abstract: We design an induced value choice experiment where the objects are valued according to only a single attribute with a continuous measure. Subjects have an imperfect perception of the choice objects but can reduce their… read more here.
Keywords: economics; choice; distribution; cognitive resources ... See more keywords