Reason-based choice and context-dependence: an explanatory framework
Christian List (London School of Economics)

May 6, 2016, 12:00pm - 2:00pm
University Seminars, Columbia University

64 Morningside Dr
New York 10027
United States

Organisers:

Robby Finley
Columbia University
Haim Gaifman
Columbia University
Yang Liu
Cambridge University
Rohit Parikh
City University of New York

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Abstract. We introduce a “reason-based” framework for explaining and predicting individual choices. The key idea is that a decision-maker focuses on some but not all properties of the options and chooses an option whose “motivationally salient” properties he/she most prefers. Reason-based explanations can capture two kinds of contextdependent choice: (i) the motivationally salient properties may vary across choice contexts, and (ii) they may include “context-related” properties, not just “intrinsic” properties of the options. Our framework allows us to explain boundedly rational and sophisticated choice behaviour. Since properties can be recombined in new ways, it also offers resources for predicting choices in unobserved contexts.

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We will be having dinner right after the meeting at the faculty house. Please let Robby ([email protected]) know if you will be joining us so that he can make an appropriate reservation (please be advised that at this point the university only agrees to cover the expenses of the speaker and the rapporteur and that the cost for all others is $25, payable by cash or check). 

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