The construction of preference

New York: Cambridge University Press (2006)
  Copy   BIBTEX

Abstract

One of the main themes that has emerged from behavioral decision research during the past three decades is the view that people's preferences are often constructed in the process of elicitation. This idea is derived from studies demonstrating that normatively equivalent methods of elicitation (e.g., choice and pricing) give rise to systematically different responses. These preference reversals violate the principle of procedure invariance that is fundamental to all theories of rational choice. If different elicitation procedures produce different orderings of options, how can preferences be defined and in what sense do they exist? This book shows not only the historical roots of preference construction but also the blossoming of the concept within psychology, law, marketing, philosophy, environmental policy, and economics. Decision making is now understood to be a highly contingent form of information processing, sensitive to task complexity, time pressure, response mode, framing, reference points, and other contextual factors.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 93,031

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Aspects of compatibility and the construction of preference.Marcus Selart - 1997 - In Rob Ranyard, Ray Crozier & Ola Svenson (eds.), Decision making: Cognitive models and explanations. Routledge. pp. 58-72.
Preferences constructed from dynamic micro-processing mechanisms.Jerome R. Busemeyer, Joseph G. Johnson & Ryan K. Jessup - 2006 - In Sarah Lichtenstein & Paul Slovic (eds.), The Construction of Preference. Cambridge University Press. pp. 220--234.
The functions of affect in the construction of preferences.Ellen Peters - 2006 - In Sarah Lichtenstein & Paul Slovic (eds.), The Construction of Preference. Cambridge University Press. pp. 454--463.
Preference reversals in judgment and choice.Marcus Selart - 1994 - Gothenburg University Press.
A model of non-informational preference change.Franz Dietrich & Christian List - 2011 - Journal of Theoretical Politics 23 (2):145-164.

Analytics

Added to PP
2009-01-28

Downloads
133 (#141,976)

6 months
19 (#144,815)

Historical graph of downloads
How can I increase my downloads?

References found in this work

No references found.

Add more references