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The Collapsing Choice Theory: Dissociating Choice and Judgment in Decision Making

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  • Jeffrey Stibel
  • Itiel Dror
  • Talia Ben-Zeev

Abstract

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Suggested Citation

  • Jeffrey Stibel & Itiel Dror & Talia Ben-Zeev, 2009. "The Collapsing Choice Theory: Dissociating Choice and Judgment in Decision Making," Theory and Decision, Springer, vol. 66(2), pages 149-179, February.
    • Handle: RePEc:kap:theord:v:66:y:2009:i:2:p:149-179
    DOI: 10.1007/s11238-007-9094-7
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    References listed on IDEAS

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    1. Hoelzl, Erik & Loewenstein, George, 2005. "Wearing out your shoes to prevent someone else from stepping into them: Anticipated regret and social takeover in sequential decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 98(1), pages 15-27, September.
    2. Sloman, Steven A. & Over, David & Slovak, Lila & Stibel, Jeffrey M., 2003. "Frequency illusions and other fallacies," Organizational Behavior and Human Decision Processes, Elsevier, vol. 91(2), pages 296-309, July.
    3. Stanley F. Biggs & Jean C. Bedard & Brian G. Gaber & Thomas J. Linsmeier, 1985. "The Effects of Task Size and Similarity on the Decision Behavior of Bank Loan Officers," Management Science, INFORMS, vol. 31(8), pages 970-987, August.
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    Cited by:

    1. Wei James Chen & Joseph Tao-yi Wang, 2020. "A modified Monty Hall problem," Theory and Decision, Springer, vol. 89(2), pages 151-156, September.

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    More about this item

    Keywords

    choice; judgment; working memory; mental models; decision making; monty hall dilemma; D70; D80; D81; D84;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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