Evaluating opportunities when more is less
Evaluating opportunities when more is less
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评估多即少的机会
DOI:
10.1007/s11238-022-09914-8
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发表时间:
2022
影响因子:
0.8
通讯作者:
Yukinori Iwata
中科院分区:
文献类型:
--
作者:
Colin Davis;Ken-Ichi Hashimoto;Ken Tabata;Yukinori Iwata
There exists psychological evidence that consumers do not consider all available items in the market, which can lead to the “more-is-less” effect, a phenomenon where having more options causes a welfare reduction (Llears et al. in J Econ Theory 170:70–85, 2017). Under this more-is-less effect, we face a dilemma that adding new opportunities may both improve and worsen individual well-being. This study proposes a hypothesis that “more is always better,” which implies that adding new opportunities cannot worsen individual well-being, is a bias to which moral heuristics leads. A satisfactory resolution of this dilemma is act-consequentialism over menus, which is an ex-post and third-party evaluation of opportunity sets. We provide an axiomatic foundation for act-consequentialism over menus and apply it to policymakers’ menu-providing policies.
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DOI:
10.1002/9780470939338.ch6
发表时间:
2012-09
期刊:
--
影响因子:
--
作者:
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通讯作者:
B. Schwartz;A. Ward
DOI:
--
发表时间:
2004
期刊:
Management Sciences
影响因子:
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