Vega-Redondo, Fernando (1993) Simple and inertial behavior: an optimizing decision model with imprecise perceptions. Economic Theory, 3 (1). pp. 87-98. DOI https://doi.org/10.1007/bf01213693
Vega-Redondo, Fernando (1993) Simple and inertial behavior: an optimizing decision model with imprecise perceptions. Economic Theory, 3 (1). pp. 87-98. DOI https://doi.org/10.1007/bf01213693
Vega-Redondo, Fernando (1993) Simple and inertial behavior: an optimizing decision model with imprecise perceptions. Economic Theory, 3 (1). pp. 87-98. DOI https://doi.org/10.1007/bf01213693
Abstract
Simplicity and inertial (or status-quo) bias are common features of actual decision rules used by real-life agents. In this paper, we provide one possible rationale for these features in terms of a model in which the decision maker is subject to imprecise perceptions about the consequences of action that differ from (an already experienced) status quo.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 06 Jan 2013 09:32 |
| Last Modified: | 24 Oct 2024 10:34 |
| URI: | http://repository.essex.ac.uk/id/eprint/4971 |