Brown Bag Seminar : Hassan Nosratabadi

October 02, 2019

12:50 p.m.


CORE C 035

Dynamic Choice with Status Quo -   Theory and Design of Efficient Experiment

Hassan Nosratabadi, UCLouvain CORE

Abstract: We study a model of decision making in which choice situations come in a specific order and the decision maker displays the following status quo bias: she sticks to her previous choice whenever it is still available, except if a new alternative is obviously better. As a result, only changes in the chosen alternative along the choice sequence reveal preference. We show that the resulting dynamic status quo biased choice model is characterized by the strong axiom of revealed preferences along with the weak axiom of revealed obvious preferences. Finally, we show that, provided the number of alternatives is sufficiently large (at least 5 alternatives), the length of the minimal sequence of choice situations needed for extracting unique preferences is not larger under status quo bias than under rationality.  

Please fill the doodle by Tuesday, October 1st at noon if you plan to attend and mention whether you would like a sandwich:
Remember to bring your own cup if you would like to have some water.
Looking forward to seeing you all in the seminar!

ps: If you want to present your work, please contact us. Find the calendar here: 
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