Decisions with endogenous frames

P.S. Dalton, S. Ghosal

Research output: Contribution to journalArticleScientificpeer-review

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.

An earlier version of this paper has been circulated as a CentER Research paper 2010-21 with the name “Decisions with Endogenous Preference Parameters”. This paper was prepared for a special issue of Social Choice and Welfare on Reconciling Normative and Behavioural Economics, edited by Ben McQuillin, Robert Sugden and Marc Fleurbaey. It constitutes a short and selective version of the paper presented at the University of East Anglia Conference on Reconciling Normative and Behavioural Economics on April 2008. We are indebted to Fleurbaey, McQuillin, Sugden and two anonymous referees for their comments that have immensely improved the paper. Both authors acknowledge support from ESRC-DFID grant RES-167-25-0364.
Original languageEnglish
Pages (from-to)585-600
JournalSocial Choice and Welfare
Volume38
Issue number4
Publication statusPublished - 2012

Fingerprint

welfare
referee
economics
decision maker
decision making
Normative economics
Endogenous preferences
Decision maker
Research center
Social choice
Decision making
Referees
Social welfare

Cite this

Dalton, P.S. ; Ghosal, S. / Decisions with endogenous frames. In: Social Choice and Welfare. 2012 ; Vol. 38, No. 4. pp. 585-600.
@article{f80cf7bda01d4a26bd06b331876c49d0,
title = "Decisions with endogenous frames",
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.An earlier version of this paper has been circulated as a CentER Research paper 2010-21 with the name “Decisions with Endogenous Preference Parameters”. This paper was prepared for a special issue of Social Choice and Welfare on Reconciling Normative and Behavioural Economics, edited by Ben McQuillin, Robert Sugden and Marc Fleurbaey. It constitutes a short and selective version of the paper presented at the University of East Anglia Conference on Reconciling Normative and Behavioural Economics on April 2008. We are indebted to Fleurbaey, McQuillin, Sugden and two anonymous referees for their comments that have immensely improved the paper. Both authors acknowledge support from ESRC-DFID grant RES-167-25-0364.",
author = "P.S. Dalton and S. Ghosal",
note = "Appeared earlier as CentER Discussion Paper 2010-142",
year = "2012",
language = "English",
volume = "38",
pages = "585--600",
journal = "Social Choice and Welfare",
issn = "0176-1714",
publisher = "Springer New York",
number = "4",

}

Dalton, PS & Ghosal, S 2012, 'Decisions with endogenous frames' Social Choice and Welfare, vol. 38, no. 4, pp. 585-600.

Decisions with endogenous frames. / Dalton, P.S.; Ghosal, S.

In: Social Choice and Welfare, Vol. 38, No. 4, 2012, p. 585-600.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Decisions with endogenous frames

AU - Dalton, P.S.

AU - Ghosal, S.

N1 - Appeared earlier as CentER Discussion Paper 2010-142

PY - 2012

Y1 - 2012

N2 - 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.An earlier version of this paper has been circulated as a CentER Research paper 2010-21 with the name “Decisions with Endogenous Preference Parameters”. This paper was prepared for a special issue of Social Choice and Welfare on Reconciling Normative and Behavioural Economics, edited by Ben McQuillin, Robert Sugden and Marc Fleurbaey. It constitutes a short and selective version of the paper presented at the University of East Anglia Conference on Reconciling Normative and Behavioural Economics on April 2008. We are indebted to Fleurbaey, McQuillin, Sugden and two anonymous referees for their comments that have immensely improved the paper. Both authors acknowledge support from ESRC-DFID grant RES-167-25-0364.

AB - 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.An earlier version of this paper has been circulated as a CentER Research paper 2010-21 with the name “Decisions with Endogenous Preference Parameters”. This paper was prepared for a special issue of Social Choice and Welfare on Reconciling Normative and Behavioural Economics, edited by Ben McQuillin, Robert Sugden and Marc Fleurbaey. It constitutes a short and selective version of the paper presented at the University of East Anglia Conference on Reconciling Normative and Behavioural Economics on April 2008. We are indebted to Fleurbaey, McQuillin, Sugden and two anonymous referees for their comments that have immensely improved the paper. Both authors acknowledge support from ESRC-DFID grant RES-167-25-0364.

M3 - Article

VL - 38

SP - 585

EP - 600

JO - Social Choice and Welfare

JF - Social Choice and Welfare

SN - 0176-1714

IS - 4

ER -