Dynamic influences on individual choice behavior

Journal Article (Journal Article)

Research examining the process of individual decision making over time is briefly reviewed. We focus on two major areas of work in choice dynamics: research that has examined how current choices are influenced by the history of previous choices, and newer work examining how choices may be made to exploit expectations about options available in the future. A central theme of the survey is that if a general understanding of choice dynamics is to emerge, it will come through the development of boundedly-rational models of dynamic problem solving that lie on the interface between economics and psychology.

Full Text

Duke Authors

Cited Authors

  • Meyer, R; Erdem, T; Feinberg, F; Gilboa, I; Hutchinson, W; Krishna, A; Lippman, S; Mela, C; Pazgal, A; Prelec, D; Steckel, J

Published Date

  • January 1, 1997

Published In

Volume / Issue

  • 8 / 3

Start / End Page

  • 349 - 360

International Standard Serial Number (ISSN)

  • 0923-0645

Digital Object Identifier (DOI)

  • 10.1023/A:1007968706676

Citation Source

  • Scopus