The Achilles' heel of salience theory and a way to fix it

DOI10.1016/J.ECONLET.2020.109265zbMath1451.91034OpenAlexW3029511353MaRDI QIDQ2208645

Barna Bakó, Gábor Neszveda

Publication date: 3 November 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2020.109265

zbMATH Keywords

Allais paradoxpreference reversalsalience theorycontext dependent choicedecoy and compromise effects

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08)

Related Items (2)

Salience bias and overwork ⋮ The impact of consumer's regret on firms' decisions in a durable good market

Cites Work

• Regret theory with general choice sets
• A critical note on salience theory of choice under risk
• The Framing of Decisions and the Psychology of Choice
• Regret in Decision Making under Uncertainty
• Competition for Attention
• Salience Theory of Choice Under Risk
• A Sparsity-Based Model of Bounded Rationality *
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine

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