(A, f): Choice with Frames -super-1
AbstractWe develop a framework for modelling choice in the presence of framing effects. An extended choice function assigns a chosen element to every pair (A, f) where A is a set of alternatives, and f is a frame. A frame includes observable information that is irrelevant in the rational assessment of the alternatives, but nonetheless affects choice. We relate the new framework to the classical model of choice correspondence. Conditions are identified under which there exists either a transitive or a transitive and complete binary relation R such that an alternative x is chosen in some (A, f) iff x is R-maximal in the set A. We then demonstrate that the framework of choice correspondence misses information, which is essential to economic modelling, and which is incorporated in the extended choice function. Copyright 2008, Wiley-Blackwell.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Oxford University Press in its journal The Review of Economic Studies.
Volume (Year): 75 (2008)
Issue (Month): 4 ()
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dinko Dimitrov & Saptarshi Mukherjee & Nozomu Muto, 2013.
"List-based decision problems,"
UFAE and IAE Working Papers
927.13, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Manzini, Paola & Mariotti, Marco & Tyson, Christopher J., 2011. "Manipulation of Choice Behavior," IZA Discussion Papers 5891, Institute for the Study of Labor (IZA).
- Nakajima, Daisuke & Masatlioglu, Yusufcan, 2013. "Choice by iterative search," Theoretical Economics, Econometric Society, vol. 8(3), September.
- Andrew Caplin & Daniel Martin, 2013.
"A Testable Theory of Imperfect Perception,"
Levine's Working Paper Archive
786969000000000649, David K. Levine.
- Ville Korpela, 2012. "Implementation without rationality assumptions," Theory and Decision, Springer, vol. 72(2), pages 189-203, February.
- Eddie Dekel & Barton L. Lipman, 2009.
"How (Not) to Do Decision Theory,"
Levine's Working Paper Archive
814577000000000339, David K. Levine.
- Yusufcan Masatlioglu & Daisuke Nakajima & Erkut Ozbay, 2009.
NajEcon Working Paper Reviews
- Gerasimou, Georgios, 2012. "Asymmetric Dominance, Deferral and Status Quo Bias in a Theory of Choice with Incomplete Preferences," MPRA Paper 40097, University Library of Munich, Germany.
- Nikhil Dhingra & Zach Gorn & Andrew Kener & Jason Dana, 2012. "The default pull: An experimental demonstration of subtle default effects on preferences," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 7(1), pages 69-76, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.