Evidence from cognitive sciences shows that some choices are conscious and re ect individual prefer- ences while others tend to be intuitive, driven by analogies with past experiences. Under these circum- stances, usual economic modeling might not be valid because not all choices are the consequence of individual tastes. We here propose a behavioral model that can be used in standard economic analysis that formalizes how conscious and intuitive choices arise by presenting a decision maker composed by two systems. One system compares past decision problems with the one the decision maker faces, and it replicates past behavior when the problems are similar enough (Intuitive choices). Otherwise, a second system is activated and preferences are...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
Temporal discounting, which is apparent in all modes of consumer behaviour from the routine to the a...
Evidence from cognitive sciences shows that some choices are conscious and re ect individual prefer...
Evidence from the cognitive sciences suggests that some choices are conscious and reflect individual...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
A growing interest in decision making in psychology is evidenced by the recent publication of Edward...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The economics approach to decision making assumes that preferences are stable and retrieved from a m...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
Temporal discounting, which is apparent in all modes of consumer behaviour from the routine to the a...
Evidence from cognitive sciences shows that some choices are conscious and re ect individual prefer...
Evidence from the cognitive sciences suggests that some choices are conscious and reflect individual...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
Canonical models of rational choice fail to account for many forms of motivated adaptive behaviors, ...
A growing interest in decision making in psychology is evidenced by the recent publication of Edward...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
The economics approach to decision making assumes that preferences are stable and retrieved from a m...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
We study a decision maker characterized by two binary relations. The first reflects his judgments ab...
Temporal discounting, which is apparent in all modes of consumer behaviour from the routine to the a...