Eliciting Welfare Preferences from Behavioral Datasets
AbstractAn 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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Date of creation: 16 Oct 2009
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- Ariel Rubinstein & Yuval Salant, 2012. "Eliciting Welfare Preferences from Behavioural Data Sets," Review of Economic Studies, Oxford University Press, vol. 79(1), pages 375-387.
- NEP-ALL-2009-10-24 (All new papers)
- NEP-CBE-2009-10-24 (Cognitive & Behavioural Economics)
- NEP-EVO-2009-10-24 (Evolutionary Economics)
- NEP-LTV-2009-10-24 (Unemployment, Inequality & Poverty)
- NEP-UPT-2009-10-24 (Utility Models & Prospect Theory)
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- 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.
- Yusufcan Masatlioglu & Daisuke Nakajima & Erkut Y. Ozbay, 2012.
American Economic Review,
American Economic Association, vol. 102(5), pages 2183-2205, August.
- repec:icr:wpmath:06-2013 is not listed on IDEAS
- 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.
- Georgios Gerasimou, 2013. "A Behavioural Model of Choice in the Presence of Decision Conflict," Discussion Paper Series, Department of Economics 201302, Department of Economics, University of St. Andrews.
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