Shafir & Tversky: Reason-based choice

Abstract (via Shafir, Simonson, & Tversky)

This paper considers the role of reasons and arguments in the making of decisions. It is proposed that, when faced with the need to choose, decision makers often seek and construct reasons in order to resolve the conflict and fustify their choice, to themselves and to others. Experiments that explore and manipulate the role of reasons are reviewed, and other decision studies are interpreted from this perspective. The role of reasons in decision making is considered as it relates to uncertainty, conflict, context effects, and normative decision rules.

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04. September 2010 by Miguel Barbosa
Categories: Behavioral Economics, Curated Readings | Leave a comment

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