OxTalks is Changing
During Michaelmas Term, OxTalks will be moving to a new platform (full details are available on the Staff Gateway).
For now, continue using the current page and event submission process (freeze period dates to be advised).
If you have any questions, please contact halo@digital.ox.ac.uk
A Cognitive Theory of Reasoning and Choice
We offer a theory of decisions in which attention to the features of choice options is determined by the DM’s categorization of the current choice problem in a set of problems she solved in the past. Categorization depends on goal-relevant as well as contextual problem-level features. The model yields systematic heterogeneity in attention and choice in a given problem based on dierent past experiences, rigidity of choices when categorization does not change despite new data, and discontinuous shifts when changes in bottom-up salient features cause re-categorization. The model unies major puzzles and framing effects in riskless, statistical, and lottery choice based on heterogenous and unstable mental representations.
Date:
27 January 2025, 11:30
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Skills Lab
Speaker:
Pedro Bordalo (Saïd Business School, University of Oxford)
Organising department:
Department of Economics
Part of:
Political Economy Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Edward Valenzano
