Limited attention and status quo bias

DOI10.1016/J.JET.2017.01.009MaRDI QIDQ2397631zbMATH OpenOpenAlexFDO

Authors Mark Dean, Özgür Ö. Kıbrıs, Yusufcan Masatlioglu

Publication date 23 May 2017

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

Full work available at URL http://hdl.handle.net/10419/145423

zbMATH Keywords

attentionrevealed preferencereference dependencestatus quo bias

Mathematics Subject Classification ID

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

Recommendations

• Rational choice with status quo bias
• Probabilistic dominance and status quo bias
• Random utility models with status quo bias
• Self-control preferences and status-quo bias
• Status quo bias, multiple priors and uncertainty aversion

Cites work

• (A,f): Choice with Frames¹
• A canonical model of choice with initial endowments
• A theory of reference-dependent behavior
• Anchored preference relations
• Asymmetric dominance, deferral, and status quo bias in a behavioral model of choice
• Ballot position, choice fatigue, and voter behaviour
• Choice by iterative search
• Choice functions with states of mind
• Choice problems with a `reference' point
• Rational choice with status quo bias
• Rationalization
• Reference-dependent subjective expected utility.
• Revealed incomplete preferences under status-quo bias
• Social Choice Theory: A Re-Examination
• Status quo bias, multiple priors and uncertainty aversion
• The power of suggestion: Inertia in \(401(k)\) participation and savings behavior
• Understanding the reference effect
• When more is less: limited consideration

Cited in

(22)

• Justification within and between social contexts with the possibility of choice deferral
• Inattention and belief polarization
• Welfare analysis when choice is status-quo biased
• Exclusive shortlisting choice with reference
• How choice proliferation affects revealed preferences
• Random utility models with status quo bias
• Mood-driven choices and self-regulation
• Status quo bias, multiple priors and uncertainty aversion
• Rational choice with status quo bias
• A canonical model of choice with initial endowments
• Probabilistic dominance and status quo bias
• Decision making within a product network
• A theory of reference point formation
• Dynamic choice under familiarity-based attention
• Self-control preferences and status-quo bias
• Taste uncertainty and status quo effects in consumer choice
• Asymmetric dominance, deferral, and status quo bias in a behavioral model of choice
• When more is less: limited consideration
• On the observable restrictions of limited consideration models: theory and application
• Status quo bias with choice overload
• Status quo bias actually helps decision makers to take nonlinearity into account: an explanation
• Unanimous rules in the laboratory

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