Reason-Based Choice and Context-Dependence
An Explanatory Framework
Dados Bibliográficos
| ID | 19035332 |
|---|---|
| Autores | Franz Dietrich (0000-0001-5300-0109, autor correspondente), Christian List (0000-0003-1627-800X) |
| Ano | 2016 |
| Volume | 32 |
| Fascículo | 2 |
| Páginas | 175-229 |
| Data de publicação | 2016-02-11 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Economics and Philosophy (JOURNAL) |
| Identificadores do periódico | ISSN: 0266-2671 • E-ISSN: 1474-0028 |
| Editora | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0266267115000474 |
| OpenAlex | W1890951522 |
| Idioma | EN |
| Citações recebidas | 24 |
| Referências citadas | 36 |
We introduce a ‘reason-based’ framework for explaining and predicting individual choices. The key idea is that a decision-maker focuses on some but not all properties of the options and chooses an option whose ‘motivationally salient’ properties he/she most prefers. Reason-based explanations can capture two kinds of context-dependent choice: (i) the motivationally salient properties may vary across choice contexts, and (ii) they may include ‘context-related’ properties, not just ‘intrinsic’ properties of the options. Our framework allows us to explain boundedly rational and sophisticated choice behaviour. Since properties can be recombined in new ways, it also offers resources for predicting choices in unobserved contexts
Bounded rationality · Cognitive psychology · Economics · Microeconomics · Positive economics · Salient · Bayesian Modeling and Causal Inference · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Psychology · Social Psychology · Artificial Intelligence
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| Obras citantes distintas | 24 |
|---|---|
| Citações por ano | 2,4 |
| Intervalo de citações | 2016 - 2026 (11) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 24 |