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Eliciting Welfare Preferences from Behavioral Datasets, Review of Economic Studies

Abstract

An individual displays various preference orderings in different payoff-irrelevant circumstances. It is assumed that the variation in the observed preference orderings is the outcome of some cognitive process that distorts the underlying preferences of the individual. We introduce a framework for eliciting the individual's underlying preferences in such cases and then demonstrate it for two cognitive processes - satisficing and small assessment errors.

Type

Article

Author(s)

Ariel Rubinstein, Yuval Salant

Date Published

2012

Citations

Rubinstein, Ariel, and Yuval Salant. 2012. Eliciting Welfare Preferences from Behavioral Datasets. Review of Economic Studies. 79(1): 375-387.

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