Choice with Endogenous Categorization
From MaRDI portal
Publication:5064522
DOI10.1093/RESTUD/RDAB011zbMATH Open1484.91122arXiv2005.05196OpenAlexW3136089596MaRDI QIDQ5064522
Author name not available (Why is that?)
Publication date: 16 March 2022
Published in: (Search for Journal in Brave)
Abstract: We propose and axiomatize the categorical thinking model (CTM) in which the framing of the decision problem affects how agents categorize alternatives, that in turn affects their evaluation of it. Prominent models of salience, status quo bias, loss-aversion, inequality aversion, and present bias all fit under the umbrella of CTM. This suggests categorization is an underlying mechanism of key departures from the neoclassical model of choice. We specialize CTM to provide a behavioral foundation for the salient thinking model of Bordalo et al. (2013) that highlights its strong predictions and distinctions from other models.
Full work available at URL: https://arxiv.org/abs/2005.05196
No records found.
No records found.
This page was built for publication: Choice with Endogenous Categorization
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5064522)
