A Theory of Chosen Preferences

被引:23
作者
Bernheim, B. Douglas [1 ]
Braghieri, Luca [1 ]
Martinez-Marquina, Alejandro [1 ]
Zuckerman, David [1 ]
机构
[1] Stanford Univ, Stanford, CA 94305 USA
关键词
FIELD EXPERIMENT; RISK-AVERSION; ECONOMICS; CHOICE; BEHAVIOR; CULTURE; MARKETS; CUSTOM; TASTES; TRADE;
D O I
10.1257/aer.20190390
中图分类号
F [经济];
学科分类号
02 ;
摘要
We propose and develop a dynamic theory of endogenous preference formation in which people adopt worldviews that shape their judgments about their experiences. The framework highlights the role of mindset flexibility, a trait that determines the relative weights the decision-maker places on her current and anticipated worldviews when evaluating future outcomes. The theory generates rich behavioral dynamics, thereby illuminating a wide range of applications and providing potential explanations for a variety of observed phenomena.
引用
收藏
页码:720 / 754
页数:35
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