On Freedom of Choice, Ambiguity, and the Preference for Easy Choices

Ricardo Arlegi () and Dinko Dimitrov
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Ricardo Arlegi: Departamento de Economía-UPNA, https://www.unavarra.es/departamento-economia

Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: This paper is devoted to the study of opportunity set comparisons when the characteristics of the options within the sets in question may be ambiguous. We assume that agents display a preference for freedom of choice, but also aversion to the presence of ambiguous options. We propose a suitable environment for approaching this problem, and provide axiomatic characterizations of several rules for ranking sets in such a context.

Keywords: ambiguity aversion; easy choices; ranking sets; freedom of choice. (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: pages
Date: 2006
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