Decisions with Endogenous Frames

Patricio Dalton () and Sayantan Ghosal

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: This paper contrasts the normative implications of a model of decisionmaking with endogenous frames to those of choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are determined by exogenous frames or ancillary conditions. We argue that frames, though exogenous to the individual at the point when choices are made, matter for welfare purposes.

Keywords: Decisions; choice; frames; standard; behavioral; welfare (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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https://warwick.ac.uk/fac/soc/economics/research/c ... s/30.2010_ghosal.pdf

Related works:
Journal Article: Decisions with endogenous frames (2012)
Working Paper: Decisions with endogenous frames (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:cge:wacage:30

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