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dc.contributor.authorGerasimou, Georgios
dc.date.accessioned2016-05-28T23:32:42Z
dc.date.available2016-05-28T23:32:42Z
dc.date.issued2016-02
dc.identifier.citationGerasimou , G 2016 , ' Asymmetric dominance, deferral and status quo bias in a behavioral model of choice ' , Theory and Decision , vol. 80 , no. 2 , pp. 295-312 . https://doi.org/10.1007/s11238-015-9499-7en
dc.identifier.issn0040-5833
dc.identifier.otherPURE: 233672510
dc.identifier.otherPURE UUID: dc4c77ef-eb8e-40d7-a32f-1558b5eefa59
dc.identifier.otherScopus: 84956665300
dc.identifier.otherORCID: /0000-0003-3712-3154/work/59698750
dc.identifier.otherWOS: 000369017400007
dc.identifier.urihttps://hdl.handle.net/10023/8895
dc.description.abstractThis 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 are explained in a unified way that allows for a clear theoretical distinction between them to be made. The model also explains the *strengthening of the attraction effect* that has been observed when deferral is permissible. Unlike other models of status quo biased behavior, the one analyzed in this paper builds on a *unique*, reference-independent preference relation that is acyclic and generally incomplete. When this relation is complete, the model reduces to rational choice.
dc.language.isoeng
dc.relation.ispartofTheory and Decisionen
dc.rights© 2015, Springer Science+Business Media New York. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at DOI: 10.1007/s11238-015-9499-7en
dc.subjectPartial dominanceen
dc.subjectIncomplete preferencesen
dc.subjectChoice deferralen
dc.subjectStatus quo biasen
dc.subjectAttraction effecten
dc.subjectHB Economic Theoryen
dc.subjectBDCen
dc.subject.lccHBen
dc.titleAsymmetric dominance, deferral and status quo bias in a behavioral model of choiceen
dc.typeJournal articleen
dc.description.versionPostprinten
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen
dc.identifier.doihttps://doi.org/10.1007/s11238-015-9499-7
dc.description.statusPeer revieweden
dc.date.embargoedUntil2017-02-01


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