תקציר
Fundamental non-recurrent choices, like location or education, affect the attitudes and beliefs with which the individual consequently analyzes day-to-day decision problems. These effects cannot be assumed to be transparent to the individual. To restore methodological discipline in the analysis of such choices, we propose a solution concept based on an idea of self-justification and consistency: the individual should not regret her fundamental choice after her preferences and beliefs regarding day-to-day decisions have adjusted thereof. We show that even single-person fundamental choice problems admit multiple, Pareto-ranked solutions: the individual might be stuck in an aspiration trap.
שפה מקורית | אנגלית |
---|---|
עמודים (מ-עד) | 125-142 |
מספר עמודים | 18 |
כתב עת | B.E. Journal of Theoretical Economics |
כרך | 15 |
מספר גיליון | 2 |
מזהי עצם דיגיטלי (DOIs) | |
סטטוס פרסום | פורסם - 1 יולי 2015 |
הערה ביבליוגרפית
Publisher Copyright:© 2015 by De Gruyter 2015.