Context-dependent choice as explained by foraging theory

被引：2
|
作者：
Li, Shengwu [1 ]
Yu, Ning Neil [2 ,3 ]
机构：
[1] Harvard Univ, Harvard Soc Fellows, Cambridge, MA 02138 USA
[2] Nanjing Audit Univ, Inst Social & Econ Res, Nanjing, Jiangsu, Peoples R China
[3] Stanford Univ, Freeman Spogli Inst Int Studies, Stanford, CA 94305 USA
来源：
JOURNAL OF ECONOMIC THEORY | 2018年 / 175卷
关键词：
Decoy effect; Choice overload; Foraging theory; Consumer choice; Dynamic stochastic choice model; Monotone comparative statics; DECISION; UTILITY; AVERSION; MODELS; TOO;
D O I：
10.1016/j.jet.2018.01.014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
An agent makes consumption choices in multiple periods. Choice objects vary in type and quality; objects of the same type are inter-temporal substitutes. The current choice set is informative about the distribution over future choice sets. Thus, the presence of unchosen alternatives may rationally alter the agent's choice. Under some simple assumptions, the optimal policy exhibits context-dependent choice behavior, such as the decoy effect and choice overload. (C) 2018 Elsevier Inc. All rights reserved.
引用
收藏
页码：159 / 177
页数：19
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