Now showing items 1-5 of 5
Choice, deferral and consistency
(University of St Andrews, 2014-12-26) - Working or discussion paper
In this paper we study decision making in situations where the individual's preferences are not assumed to be complete. First, we identify conditions that are necessary and sufficient for choice behavior in general domains ...
A behavioural model of choice in the presence of decision conflict
(University of St Andrews, 2013-05) - Working or discussion paper
This paper proposes a model of choice that does not assume completeness of the decision maker’s preferences. The model explains in a natural way, and within a unified framework choice when preference-incomparable options ...
Dominance solvable games with multiple payoff criteria
(University of St Andrews, 2014-07-25) - Working or discussion paper
Two logically distinct and permissive extensions of iterative weak dominance are introduced for games with possibly vector-valued payoffs. The first, iterative partial dominance, builds on an easy-to-check condition but ...
A characterization of risk-neutral and ambiguity-averse behavior
(University of St Andrews, 2015-12-09) - Working or discussion paper
This paper studies a decision maker who chooses monetary bets/investment portfolios under pure uncertainty. Necessary and sufficient conditions on his preferences over these objects are provided for his choice behavior to ...
Asymmetric dominance, deferral and status quo bias in a behavioral model of choice
(2016-02) - Journal article
This paper proposes and axiomatically characterizes a model of choice that builds on the criterion of partial dominance and allows for two types of avoidant behavior: *choice deferral* and *status quo bias*. These phenomena ...