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Elements for the analysis of economic decisions

In: Decisions, Preferences, and Heuristics

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Abstract

This chapter describes in detail the major factors that frame economic decisions, i.e. preferences, beliefs, emotions, and memory, as well as their complex connections with each other. A subchapter on risk and uncertainty, another on inter-temporal decisions, and a final one on the planning fallacy and the endowment effect are added.

Suggested Citation

  • ., 2023. "Elements for the analysis of economic decisions," Chapters, in: Decisions, Preferences, and Heuristics, chapter 4, pages 67-151, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22480_4
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035315277.00008
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    Cited by:

    1. Özlem Kina & Ctirad Slavík & Hakki Yazici, 2024. "Redistributive Capital Taxation Revisited," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(2), pages 182-216, April.
    2. Thesia I. Garner & Robert Martin & Brett Matsumoto & Scott Curtin, 2024. "A distributional approach to U.S. personal consumption expenditures: an overview," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(3), pages 166-173, July.
    3. Bina, Justin D. & Tonsor, Glynn T. & Coffey, Brian K., . "No Beef with Increased Media: The Impacts of Fitness Media on Meat Demand," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 49(3).

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    Keywords

    Economics and Finance;

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