Dual Decision Processes
Retrieving Preferences When Some Choices Are Automatic
Bibliographic Data
| ID | 10177313 |
|---|---|
| Authors | Francesco Cerigioni (Barcelona School of Economics, corresponding author) |
| Year | 2021 |
| Volume | 129 |
| Issue | 6 |
| Pages | 1667-1704 |
| Publication date | 2021-01-26 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/713730 |
| OpenAlex | W3121696419 |
| Language | EN |
| Citations received | 4 |
| References cited | 78 |
Evidence from the cognitive sciences suggests that some choices are conscious and reflect individual volition, while others tend to be automatic. Under these circumstances, standard economic modeling might not always be applicable because not all choices are the result of individual tastes. We propose a behavioral model that can be used in standard economic analysis that formalizes the way in which conscious and automatic choices arise. We then present a novel method capable of identifying a set of conscious choices from observed behavior and discuss its usefulness as a framework for studying asymmetric pricing and empirical puzzles in different settings
Behavioral economics · Cognition · Cognitive psychology · Dual (grammatical number · Economics · Microeconomics · Set (abstract data type · Volition (linguistics · Computer Science · Consumer Market Behavior and Pricing · Decision-Making and Behavioral Economics · Economic theories and models · Neuroscience · Psychology
In two minds
Implicit learning and tacit knowledge.
Myopia and Inconsistency in Dynamic Utility Maximization
A Dual-Self Model of Impulse Control
Respects for similarity.
Implications of rational inattention
Beyond Revealed Preference
The secret life of fluency
Features of similarity.
Temptation and Self-Control
Optimal Defaults and Active Decisions
Changing Human Behavior to Prevent Disease
Golden Eggs and Hyperbolic Discounting
Priming and Human Memory Systems
Controlled and automatic human information processing
Beyond frequency
International Evidence on Sticky Consumption Growth
Bounded awareness
A Dual‐Process Diffusion Model
Prices Rise Faster than They Fall
A Measure of Rationality and Welfare
A Random Attention Model
Asymmetric Consumption Effects of Transitory Income Shocks
Instinctive and Cognitive Reasoning
Rationalising Choice with Multi-self Models
How do habits guide behavior? Perceived and actual triggers of habits in daily life
Integration of the cognitive and the psychodynamic unconscious
Asymmetric Response to Price in Consumer Brand Choice and Purchase Quantity Decisions
Changing circumstances, disrupting habits
Neuroeconomics
Habit and intention in everyday life
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,8 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |