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Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25739
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Güth, Werner | | en_US |
| dc.date.accessioned | | 2008-07-30 | | en_US |
| dc.date.accessioned | | 2009-07-27T09:40:50Z | | - |
| dc.date.available | | 2009-07-27T09:40:50Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/25739 | | - |
| dc.description.abstract | | Similar to welfare economics where with(out) interpersonal comparisons one defines unique (set-valued) welfare (Pareto) optima, we present a framework for one-person decision making where with(out) a prior probability distribution individual optimality prescribes usually a unique (set of) choice(s). Satisfiable aspirations in the sense that there exists some choice guaranteeing them define a much larger choice set whose intersection with the set of prior-free optimal choices is never empty. We also review experimental procedures and results which incentivize aspiration formation and reject even prior-free optimality experimentally. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Universität Jena und Max-Planck-Institut für Ökonomik Jena | | en_US |
| dc.relation.ispartofseries | | Jena economic research papers 2008,055 | | en_US |
| dc.subject.jel | | B4 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | D10 | | en_US |
| dc.subject.keyword | | Satisficing | | en_US |
| dc.subject.keyword | | bounded rationality | | en_US |
| dc.subject.keyword | | optimality | | en_US |
| dc.subject.stw | | Beschränkte Rationalität | | en_US |
| dc.subject.stw | | Entscheidung | | en_US |
| dc.subject.stw | | Test | | en_US |
| dc.title | | Prior-free optimality and satisficing: a common framework and its experimental implementation | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 572968353 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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