Decisions with Endogenous Frames (Replaces CentER DP 2010-21)

P.S. Dalton, S. Ghosal

Research output: Working paperDiscussion paperOther research output

Abstract

This paper contrasts the normative implications of a model of decision- making with endogenous frames to those of choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are determined by exogenous frames or ancillary conditions. We argue that frames, though exogenous to the individual at the point when choices are made, matter for welfare purposes.
Original languageEnglish
Place of PublicationTILBURG
PublisherFaculteit der Economische Wetenschappen
Number of pages19
Volume2010-142
Publication statusPublished - 2010

Publication series

NameCentER Discussion Paper
Volume2010-142

Keywords

  • Decisions
  • choice
  • frames
  • standard
  • behavioral
  • welfare

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