Common Quirks, Incorrect Beliefs, and Flawed Choosing

Edward Morey ()

Chapter Chapter 8 in Deconstructing Behavior, Choice, and Well-being, 2023, pp 253-284 from Springer

Abstract: Abstract This chapter details duration bias, emotional empathy-gaps, incentive salience, and lack of empathy for one’s future self. They influence everyone’s behavior. [The endowment effect is Chapter 9.] I refer to these behavioral regularities as common quirks. Primary is whether a quirk violates an NBT Assumption and to what effect. In particular, whether they preclude us from experiencing our highest-ranked feasible path. To flesh out their influence on choice and NBT—my goal—it is essential to clarify how they differ from incorrect beliefs, flawed choosing, and wrong choices. It’s complicated.

Keywords: Duration bias; Empathy gaps; Salience effects (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-36712-0_8

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DOI: 10.1007/978-3-031-36712-0_8

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