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Abstract: this paper is that cognition plays a hidden but essential role in seemingly riskless situations whenever it is clear that the individual's choice determinants have changed in a way that was unpredictable. A careful scrutiny of the formulation of two characteristic problems may best convey the intuition of the argument. The first question was asked by Tversky and Kahneman (1981) : (Update)
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BibTeX entry: (Update)
@misc{ theory-unsystematic,
author = "Rational Choice Theory",
title = ". Unsystematic change and the assumption of given and known possibilities
and preferences",
url = "citeseer.ist.psu.edu/353246.html" }
Citations (may not include all citations):42 Models of Man (context) - Simon - 1955
27 The Framing of Decisions and the Psychology of Choice (context) - Tversky - 1981
22 A Theory of Rational Addiction (context) - Becker - 1988
12 Toward a Positive Theory of Consumer Choice (context) - Thaler - 1980
7 Status Quo Bias in Decision Making (context) - Samuelson - 1988
5 Quasi Rational Economics (context) - Thaler - 1994
2 Willingness to Pay and Compensation Demanded: Experimental E.. (context) - Knetsch - 1984
1 Perception and the Formation of Choice (context) - Lvy-Garboua - 1979
1 The Psychology of Choice and the Assumption of Economics (context) - Thaler - 1987
1 Une tude conomtrique de la demande de thtre sur donnes indiv.. (context) - Lvy-Garboua
1 The Psychology of Sunk Cost (context) - Arkes - 1985
1 Reported Job Satisfaction: What Does It Mean (context) - Lvy-Garboua
1 LIMPED User's Manual and Reference Guide (context) - Greene - 1992
1 La dcision comme argumentation (context) - Lvy-Garboua - 1995
1 Notes on the Psychology of Utility (context) - Kahneman, Varey - 1991
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