Choice Deferral in Models of Preference Accumulation
نویسنده
چکیده
This paper models choice deferral using a sequential sampling and accumulation theory of preferential choice. It assumes that choice options are accepted or rejected if accumulators reach an upper or lower threshold, and that choice is deferred if these thresholds are not crossed by a fixed time. The proposed model can explain a wide range of findings regarding the determinants and consequences of choice deferral, including the relationship of deferral with choice option conflict, choice option desirability, choice option extremity, and the attraction and compromise effects.
منابع مشابه
Choice deferral, indecisiveness and preference for flexibility
We introduce a model of menu choice in which a person’s psychological tastes and revealed preferences may be distinct. The former is modeled by means of a possibly incomplete (but otherwise rational) preference relation <, and the latter by a completion <∗ of that relation. The two relations are connected through an axiom which formalizes the following intuitive rule: “Whenever in doubt about w...
متن کاملOn Calibration and Application of Logit-Based Stochastic Traffic Assignment Models
There is a growing recognition that discrete choice models are capable of providing a more realistic picture of route choice behavior. In particular, influential factors other than travel time that are found to affect the choice of route trigger the application of random utility models in the route choice literature. This paper focuses on path-based, logit-type stochastic route choice models, i...
متن کاملThe dynamics of deferred decision
Decision makers are often unable to choose between the options that they are offered. In these settings they typically defer their decision, that is, delay the decision to a later point in time or avoid the decision altogether. In this paper, we outline eight behavioral findings regarding the causes and consequences of choice deferral that cognitive theories of decision making should be able to...
متن کاملChoice Rules and Accumulator Networks
This article presents a preference accumulation model that can be used to implement a number of different multi-attribute heuristic choice rules, including the lexicographic rule, the majority of confirming dimensions (tallying) rule and the equal weights rule. The proposed model differs from existing accumulators in terms of attribute representation: Leakage and competition, typically applied ...
متن کاملContext and Task Effects on Choice Deferral
This article reviews recent research that has examined consumer decision making when the option of not choosing any of the alternatives is provided. The attractiveness of the decision outcomes and the difficulty of choosing are posited to be two key factors that determine the preference for a no-choice option. Building on the notion that preferences are often constructed, it is proposed that ta...
متن کامل