Decision Theory Models of Information and Consideration

  title={Decision Theory Models of Information and Consideration},
  author={Juan Sebasti{\'a}n Lleras},
This dissertation develops axiomatic models to identify two important elements that influence choice behavior: knowledge and consideration. Furthermore it analyzes the behavioral and welfare implications that these models have.First, information (knowledge) about uncertainties plays an important role in a decision-maker's choices and it is usually taken as an explicit part of economic models. However, in many situations it cannot be observed, so it should be derived. This dissertation provides… CONTINUE READING

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