On freedom of choice, ambiguity, and the preference for easy choices
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Date
2006
Version
Acceso abierto / Sarbide irekia
Type
Documento de trabajo / Lan gaiak
Impact
Abstract
This paper is devoted to the study of opportunity set comparisons when the characteristics of the options within the sets in question may be ambiguous. We assume that agents display a preference for freedom of choice, but also aversion to the presence of ambiguous options. We propose a suitable environment for approaching this problem, and provide axiomatic characterizations of several rules for ...
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Subject
Ambiguity aversion,
Easy choices,
Ranking sets,
Freedom of choice
Serie
Documentos de Trabajo DE - ES Lan Gaiak /
0607
Departament
Universidad Pública de Navarra. Departamento de Economía /
Nafarroako Unibertsitate Publikoa. Ekonomia Saila
Sponsorship
The author acknowledges financial support by the Spanish Ministerio de Educacion y Ciencia (SEC2003-08105; SEJ2006-11510) and Junta de Castilla y Leon (VA040A05).
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