 A model of non-informational preference changeFranz Dietrich and
Christian List ()
Post-Print from HAL Abstract: According to standard rational choice theory, as commonly used in political science and economics, an agent's fundamental preferences are exogenously fixed, and any preference change over decision options is due to Bayesian information learning. Although elegant and parsimonious, such a model fails to account for preference change driven by experiences or psychological changes distinct from information learning. We develop a model of non-informational preference change. Alternatives are modelled as points in some multidimensional space, only some of whose dimensions play a role in shaping the agent's preferences. Any change in these ‘motivationally salient' dimensions can change the agent's preferences. How it does so is described by a new representation theorem. Our model not only captures a wide range of frequently observed phenomena, but also generalizes some standard representations of preferences in political science and economics. Keywords: choice under uncertainty; bounded rationality; dynamic inconsistency; multiple- criteria decision making; preference change; preference formation; representation theorem; salience; spatial voting theory (search for similar items in EconPapers) Published in Journal of Theoretical Politics, 2011, 23, pp.145-164. ⟨10.1177/0951629810394700⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01971020 Access Statistics for this paper More papers in Post-Print from HAL |
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