Simple and Inertial Behavior: An Optimizing Decision Model with Imprecise Perceptions.

B-Tier
Journal: Economic Theory
Year: 1993
Volume: 3
Issue: 1
Pages: 87-98

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

Simplicity and inertial (or status-quo) bias are common features of actual decision rules used by real-life agents. In this paper, we provide one possible rationale for these features in terms of a model in which the decision maker is subject to imprecise perceptions about the consequences of action that differ from (an already experienced) status quo.

Technical Details

RePEc Handle
repec:spr:joecth:v:3:y:1993:i:1:p:87-98
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29