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Eliciting Welfare Preferences from Behavioral Datasets

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  • Ariel Rubinstein
  • Yuval Salant

Abstract

An individual displays various preference orderings in different payoff-irrelevant circumstances. It is assumed that the variation in the observed preference orderings is the outcome of some cognitive process that distorts the underlying preferences of the individual. We introduce a framework for eliciting the individual's underlying preferences in such cases and then demonstrate it for two cognitive processes--satisficing and small assessment errors. Copyright 2012, Oxford University Press.

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Paper provided by David K. Levine in its series Levine's Working Paper Archive with number 814577000000000374.

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Date of creation: 16 Oct 2009
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Handle: RePEc:cla:levarc:814577000000000374

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Cited by:
  1. Yusufcan Masatlioglu & Daisuke Nakajima & Erkut Y. Ozbay, 2012. "Revealed Attention," American Economic Review, American Economic Association, vol. 102(5), pages 2183-2205, August.
  2. repec:icr:wpmath:06-2013 is not listed on IDEAS
  3. Georgios, Gerasimou, 2013. "A Behavioural Model of Choice in the Presence of Decision Conflict," SIRE Discussion Papers 2013-25, Scottish Institute for Research in Economics (SIRE).
  4. FLEURBAEY, Marc & SCHOKKAERT, Erik, . "Behavioral welfare economics and redistribution," CORE Discussion Papers RP -2485, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Marek Hudík, 2013. "When x Becomes x': Sameness and the Internal Consistency of Choice," ICER Working Papers 02-2013, ICER - International Centre for Economic Research.
  6. Kikuchi, Kazuya, 2014. "Comparing Preference Orders:Asymptotic Independence," Discussion Papers 2014-06, Graduate School of Economics, Hitotsubashi University.
  7. Rohan Dutta & Sean Horan, 2013. "Inferring Rationales from Choice : Identification for Rational Shortlist Methods," Cahiers de recherche 09-2013, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  8. Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..

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