Welfare analysis when choice is status-quo biased

DOI10.1016/J.JMATECO.2022.102718MaRDI QIDQ2092767zbMATH OpenOpenAlexFDO

Authors François Maniquet, Hassan Nosratabadi

Publication date 3 November 2022

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2022.102718

zbMATH Keywords

revealed preferenceSARPstatus-quo biaswelfare analysis

Mathematics Subject Classification ID

Individual preferences (91B08) Welfare economics (91B15)

Recommendations

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Cites work

• A canonical model of choice with initial endowments
• Beyond revealed preference: choice-theoretic foundations for behavioral welfare economics
• Bounded rationality and limited data sets
• Choice functions with states of mind
• Eliciting welfare preferences from behavioural data sets
• Limited attention and status quo bias
• Rational choice with status quo bias
• Rationalization
• Revealed incomplete preferences under status-quo bias
• Revealed Preference Theory
• Status quo bias, multiple priors and uncertainty aversion
• The Construction of Utility Functions from Expenditure Data
• The power of suggestion: Inertia in 401(k) participation and savings behavior

Cited in

(8)

• Choice between opportunity sets: A characterization of welfarist behaviour
• Rational choice with status quo bias
• Status quo bias actually helps decision makers to take nonlinearity into account: an explanation
• Debiasing or regularisation? Two interpretations of the concept of `true preference' in behavioural economics
• Self-control preferences and status-quo bias
• A canonical model of choice with initial endowments
• Status quo bias with choice overload
• Status quo bias, multiple priors and uncertainty aversion

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