- Date26 September 2023
- Time 12h00 - 13h00
- Room Auditorium 3 (Ground floor - TSE Building)
Résumé
This paper shows how to recover behavioral biases from revealed preference rankings implied by choices. The approach is sufficiently flexible to account for many well-documented behavioral biases in the literature. I apply the model to workhorse datasets in the literature on choice under risk and scanner consumer choices. I show that accounting for simple behavioral biases such as inattention and salience thinking suffices to explain most violations of rationality. Finally, I demonstrate that well-known regularities, such as the correlates of risk aversion, might in fact be confounded by simple behavioral biases. Overall, this research delineates a robust method for extracting behavioral biases from choice data, thereby not only enhancing our understanding of consumer decision-making but also offering a fresh lens through which to explore the contours of rationality in human behavior.
Other seminars
To be announced
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Seminar
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IAST General Seminar
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Date 8 December 2026
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Place Auditorium 4 (First floor- TSE Building)
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Speaker or organiser Duncan N.E. Stibbard-Hawkes (Durham University)
Détails
The social genome in nonhuman primates
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Seminar
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IAST General Seminar
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Date 1 December 2026
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Place Auditorium 4 (First floor- TSE Building)
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Speaker or organiser Jenny Tung (Leipzig University)
Détails
To be announced
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Seminar
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IAST General Seminar
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Date 24 November 2026
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Place Auditorium 4 (First floor- TSE Building)
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Speaker or organiser Marina Tulin (University of Amsterdam)
Détails