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dc.contributor.authorFudenberg, Drew
dc.contributor.authorStrzalecki, Tomasz
dc.date.accessioned2015-04-08T20:09:27Z
dc.date.issued2015
dc.identifier.citationFudenberg, Drew, and Tomasz Strzalecki. 2015. “Dynamic Logit with Choice Aversion.” Econometrica 83 (2): 651–691. doi:10.3982/ecta11846. http://dx.doi.org/10.3982/ECTA11846.en_US
dc.identifier.issn0012-9682en_US
dc.identifier.issn1468-0262en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:14397609
dc.description.abstractWe characterize a generalization of discounted logistic choice that incorporates a parameter to capture different views the agent might have about the costs and benefits of larger choice sets. The discounted logit model used in the empirical literature is the special case that displays a “preference for flexibility” in the sense that the agent always prefers to add additional items to a menu. Other cases display varying levels of “choice aversion,” where the agent prefers to remove items from a menu if their ex ante value is below a threshold. We show that higher choice aversion, as measured by dislike of bigger menus, also corresponds to an increased preference for putting off decisions as late as possible.en_US
dc.description.sponsorshipEconomicsen_US
dc.language.isoen_USen_US
dc.publisherThe Econometric Societyen_US
dc.relation.isversionofdoi:10.3982/ECTA11846en_US
dc.relation.hasversionhttps://ideas.repec.org/p/qsh/wpaper/40033.htmlen_US
dash.licenseLAA
dc.subjectrecursive choiceen_US
dc.subjectstochastic choiceen_US
dc.subjectflexibility preferenceen_US
dc.subjectdelay preferenceen_US
dc.titleDynamic Logit with Choice Aversionen_US
dc.typeJournal Articleen_US
dc.description.versionVersion of Recorden_US
dc.relation.journalEconometricaen_US
dash.depositing.authorStrzalecki, Tomasz
dc.date.available2015-04-08T20:09:27Z
dc.identifier.doi10.3982/ECTA11846*
dash.contributor.affiliatedStrzalecki, Tomasz
dash.contributor.affiliatedFudenberg, Drew


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