An experiment on aspiration-based choice

Name: An experiment on aspiration-based choice
Author: Güney, Begüm, Richter, M.

İsim	An experiment on aspiration-based choice
Yazar	Güney, Begüm, Richter, M.
Basım Tarihi:	2015-11
Basım Yeri	- Elsevier
Konu	Experiment, Choice, Aspiration, Phantom, Similarity, Reversal
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1879-1751
Kayıt Numarası	6d1a4b9d-b1a2-41b8-b378-cb71118bab34
Lokasyon	Economics
Tarih	2015-11
Notlar	Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Örnek Metin	This paper experimentally studies the influence of aspirations on choice. Motivated by the theoretical model of Guney et al. (2015), we consider choice problems which may include unavailable alternatives. In a choice problem, an aspiration is the most desired alternative there (available or not). In our design, we endogenously derive both aspirations and a subjective similarity notion that operates between an aspiration and other alternatives. We find that (i) choice reversals are more likely when an unavailable aspiration alternative is added into the environment than when an unavailable non-aspiration alternative is added, (ii) an available option is more likely to be chosen when there is an unavailable aspiration that is similar to it compared to when there is no such option in the environment, (iii) choices are better explained by a similarity-based procedure when the subjective similarity notion that is derived in a separate part of the experiment is used rather than the Euclidean distance.
DOI	10.1016/j.jebo.2015.09.012
Cilt	119

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An experiment on aspiration-based choice

Yazar Güney, Begüm, Richter, M.

Basım Tarihi 2015-11

Basım Yeri - Elsevier

Konu Experiment, Choice, Aspiration, Phantom, Similarity, Reversal

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1879-1751

Kayıt Numarası 6d1a4b9d-b1a2-41b8-b378-cb71118bab34

Lokasyon Economics

Tarih 2015-11

Notlar Due to copyright restrictions, the access to the full text of this article is only available via subscription.

Örnek Metin This paper experimentally studies the influence of aspirations on choice. Motivated by the theoretical model of Guney et al. (2015), we consider choice problems which may include unavailable alternatives. In a choice problem, an aspiration is the most desired alternative there (available or not). In our design, we endogenously derive both aspirations and a subjective similarity notion that operates between an aspiration and other alternatives. We find that (i) choice reversals are more likely when an unavailable aspiration alternative is added into the environment than when an unavailable non-aspiration alternative is added, (ii) an available option is more likely to be chosen when there is an unavailable aspiration that is similar to it compared to when there is no such option in the environment, (iii) choices are better explained by a similarity-based procedure when the subjective similarity notion that is derived in a separate part of the experiment is used rather than the Euclidean distance.

DOI 10.1016/j.jebo.2015.09.012

Cilt 119