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Decisions with endogenous frames
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Dalton, Patricio S. and Ghosal, Sayantan (2012) Decisions with endogenous frames. Social Choice and Welfare, Vol.38 (No.4). pp. 585-600. doi:10.1007/s00355-011-0623-5 ISSN 0176-1714.
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Official URL: http://dx.doi.org/10.1007/s00355-011-0623-5
Abstract
We develop a model of decision-making with endogenous frames and contrast the normative implications of our model to those of choice theoretic models in which observed choices are determined by exogenous frames or ancillary conditions. We argue that, frames, though they may be taken as given by the decision-maker at the point when choices are made, matter for both welfare and policy purposes.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Journal or Publication Title: | Social Choice and Welfare | ||||
Publisher: | Springer | ||||
ISSN: | 0176-1714 | ||||
Official Date: | 2012 | ||||
Dates: |
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Volume: | Vol.38 | ||||
Number: | No.4 | ||||
Number of Pages: | 15 | ||||
Page Range: | pp. 585-600 | ||||
DOI: | 10.1007/s00355-011-0623-5 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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