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Attention and Framing

Author

Listed:
  • Mihir Bhattacharya

    (Department of Economics, Ashoka University)

  • Saptarshi Mukherjee

    (Department of Humanities and Social Sciences, IIT Delhi)

  • Ruhi Sonal

    (Department of Humanities and Social Sciences, IIT Delhi)

Abstract

We consider individual decision-making where every alternative appears with a frame (a la Salant and Rubinstein (2008)). The decision maker is subject to inattention due to framing effects that leads to random choice. We characterize a frame-based stochastic choice rule according to which the choice probability of an alternative (say, x) is the probability with which attention is drawn by its frame and not by the frames which are associated with the alternatives that beat x according to a complete binary relation.

Suggested Citation

  • Mihir Bhattacharya & Saptarshi Mukherjee & Ruhi Sonal, 2019. "Attention and Framing," Working Papers 18, Ashoka University, Department of Economics.
    • Handle: RePEc:ash:wpaper:18
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    File URL: https://dp.ashoka.edu.in/ash/wpaper/paper18_0.pdf
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    References listed on IDEAS

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    1. Yuval Salant & Ariel Rubinstein, 2008. "(A, f): Choice with Frames -super-1," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(4), pages 1287-1296.
    2. Paola Manzini & Marco Mariotti, 2014. "Stochastic Choice and Consideration Sets," Econometrica, Econometric Society, vol. 82(3), pages 1153-1176, May.
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    5. Drew Fudenberg & Ryota Iijima & Tomasz Strzalecki, 2015. "Stochastic Choice and Revealed Perturbed Utility," Econometrica, Econometric Society, vol. 83, pages 2371-2409, November.
    6. Saptarshi Mukherjee, 2014. "Choice in ordered-tree-based decision problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(2), pages 471-496, August.
    7. Plott, Charles R, 1973. "Path Independence, Rationality, and Social Choice," Econometrica, Econometric Society, vol. 41(6), pages 1075-1091, November.
    8. H.D. Block & Jacob Marschak, 1959. "Random Orderings and Stochastic Theories of Response," Cowles Foundation Discussion Papers 66, Cowles Foundation for Research in Economics, Yale University.
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    Cited by:

    1. Andrew Caplin & Daniel J. Martin, 2020. "Framing, Information, and Welfare," NBER Working Papers 27265, National Bureau of Economic Research, Inc.

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