Research
Publications
- Status Quo Bias with Choice Overload
Games and Economic Behavior, 149, Jan 2025, p170–186.
Working Papers
- Choice Overload via Choice Stickiness (Job Market Paper) (draft coming soon)
Abstract
Motivated by a behavioral finding, this paper proposes a new behavioral definition of choice overload using a novel primitive. We study choice path data that tracks how provisional choice evolves along a list of alternatives and draw a connection between choice overload and the primacy effect: both arise due to limited cognitive capacity. In our model, the decision maker encounters alternatives sequentially and decides whether to maintain her previous provisional choice after each alternative is encountered. She limits consideration using a set of attributes increasing in the number of alternatives. An axiomatic characterization is provided and supporting evidence is discussed.
Works in Progress
Risk Aversion and Costly Information Acquisition: An Experiment (with Jiarui Wang)
Stochastic Magnitude Effect (with Jawwad Noor and Norio Takeoka)