Memory, attention, and choice

Building on a textbook description of associative memory (Kahana 2012), we present a model of choice in which a choice option cues recall of similar past experiences. Memory shapes valuation and decisions in two ways. First, recalled experiences form a norm, which serves as an initial anchor for val...

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Bibliographic Details
Main Authors: Bordalo, P, Gennaioli, N, Shleifer, A
Format: Journal article
Language:English
Published: Oxford University Press 2020