Concepedia

How costs affect preferences: experiments on state dependence, hedonic state and within-trial contrast in starlings

Justine Aw, Marco Vasconcelos, Alex Kacelnik

Animal Behaviour · 2011 · 49 citations · 48 references

Concepts

Life SciencesBehavioral SciencesPsychologyAnimal BehaviorExperimental DesignExperimental PsychologyAnimal Decision-makingBehavioral Decision-makingMate ChoiceRisk AversionUtility TheoryCosts Of ChoiceForaging Decision ModelsPreference Testing In AnimalsResponse AllocationState-dependent Decision-makingState-dependent ForagingState-dependent Preferences

References

48

Toward a positive theory of consumer choice

Richard H. Thaler · Journal of Economic Behavior & Organization · 1980 · 5.6K citations

Social Sciences, Economics, Marketing +14

Exposition of a New Theory on the Measurement of Risk

Daniel Bernoulli · Econometrica · 1954 · 2.7K citations

Business, Mathematics, Actuarial Science +13

The psychology of sunk cost

Hal R. Arkes, Catherine Blumer · Organizational Behavior and Human Decision Processes · 1985 · 2.5K citations

Social Sciences, Psychology, Social Psychology +7

Choice in Context: Tradeoff Contrast and Extremeness Aversion

Itamar Simonson, Amos Tversky · Journal of Marketing Research · 1992 · 1.4K citations

Business, Decision Sciences, Psychology +14

Context-Dependent Preferences

Amos Tversky, Itamar Simonson · Management Science · 1993 · 1.3K citations

Business, Decision Sciences, Economics +15