Context-dependent choice as explained by foraging theory

A-Tier
Journal: Journal of Economic Theory
Year: 2018
Volume: 175
Issue: C
Pages: 159-177

Authors (2)

Li, Shengwu (Harvard University) Yu, Ning Neil (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

An agent makes consumption choices in multiple periods. Choice objects vary in type and quality; objects of the same type are inter-temporal substitutes. The current choice set is informative about the distribution over future choice sets. Thus, the presence of unchosen alternatives may rationally alter the agent's choice. Under some simple assumptions, the optimal policy exhibits context-dependent choice behavior, such as the decoy effect and choice overload.

Technical Details

RePEc Handle
repec:eee:jetheo:v:175:y:2018:i:c:p:159-177
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25