Preference for Flexibility and Random Choice
Preference for Flexibility and Random Choice
复制标题
偏好灵活性和随机选择
DOI:
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发表时间:
2013
期刊:
影响因子:
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通讯作者:
T. Sarver
中科院分区:
文献类型:
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作者:
David S. Ahn;T. Sarver
We study a two-stage model where the agent has preferences over menus as in Dekel, Lipman, and Rustichini (2001) in the first period and then makes random choices from menus as in Gul and Pesendorfer (2006) in the second period. Both preference for flexibility in the first period and strictly random choices in the second period can be, respectively, rationalized by subjective state spaces. Our main result characterizes the representation where the two state spaces align, so the agent correctly anticipates her future choices. The joint representation uniquely identifies probabilities over subjective states and magnitudes of utilities across states. We also characterize when the agent completely overlooks some subjective states that realize at the point of choice.
DOI:
10.3982/ecta10575
发表时间:
2012-10
期刊:
Econometrics: Multiple Equation Models eJournal
影响因子:
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作者:
Paola Manzini;M. Mariotti
通讯作者:
Paola Manzini;M. Mariotti
DOI:
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发表时间:
2013
期刊:
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影响因子:
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作者:
Manzini P;Mariotti M
通讯作者:
Mariotti M