Now showing items 1-10 of 10
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 ...
Dominance solvable multicriteria games with incomplete preferences
(2018-11-08) - Journal article,
This paper studies dominance solvability in games with multidimensional payoffs and incomplete preferences. The main result offers a generalization of Moulin’s (Econometrica 47:1337–1351, 1979) classic equilibrium-selection ...
Prest: open-source software for computational revealed preference analysis
(2018-10-21) - Journal article,
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 ...
(Hemi)Continuity of additive preference preorders
(2015-05) - Journal article,
It is shown that the two common notions of topological continuity for preference preorders, which require closed contour sets and a closed graph respectively, are equivalent even when completeness is not assumed, provided ...
Partially dominant choice
(2016-01) - Journal article,
This paper proposes and analyzes a model of context-dependent choice with stable but incomplete preferences that is based on the idea of partial dominance: An alternative is chosen from a menu if it is not worse than ...
Indecisiveness, undesirability and overload revealed through rational choice deferral
(2018-09) - Journal article,
Three reasons why decision makers may defer choice are indecisiveness between various feasible options, unattractiveness of these options, and choice overload. This paper provides a choice-theoretic explanation for each ...
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 ...