Aspiration-based choice

DOI10.1016/J.JET.2018.05.003MaRDI QIDQ1757602zbMATH OpenOpenAlexFDO

Authors Begum Guney, Michael Richter, Matan Tsur

Publication date 15 January 2019

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2018.05.003

zbMATH Keywords

similaritychoiceaspirationsconsumer welfare

Mathematics Subject Classification ID

Decision theory (91B06) Welfare economics (91B15)

Recommendations

• Aspiration traps
• Aspiration adaptation theory
• Revealed preferences and aspirations in warm glow theory
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• Choice by iterative search

Cites work

• scientific article; zbMATH DE number 3864924 (Why is no real title available?)
• (A,f): Choice with Frames¹
• A canonical model of choice with initial endowments
• A model of focusing in economic choice
• Aspirations and inequality
• Beyond revealed preference: choice-theoretic foundations for behavioral welfare economics
• Choice problems with a `reference' point
• Evolving aspirations and cooperation
• On the multi-utility representation of preference relations
• Other Solutions to Nash's Bargaining Problem
• Rational choice with status quo bias
• Reflexive representability and stable metrics
• Revealed preferences and aspirations in warm glow theory
• Shrouded attributes, consumer myopia, and information suppression in competitive markets
• Status, intertemporal choice, and risk-taking
• Strategic Firms and Endogenous Consumer Emulation^*

Cited in

(4)

• Revealed preferences and aspirations in warm glow theory
• Reaction to price changes and aspiration level adjustments
• Aspiration traps
• Experimental Results on the Process of Goal Formation and Aspiration Adaptation

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