On Attitudes to Choice: Some Experimental Evidence on Choice Aversion

@article{Lec2020OnAT,
  title={On Attitudes to Choice: Some Experimental Evidence on Choice Aversion},
  author={F. L. Lec and Beno{\^i}t Tarroux},
  journal={Journal of the European Economic Association},
  year={2020},
  volume={18},
  pages={2108-2134}
}
This paper investigates experimentally how people value choice. Our experiments elicit subjects’ valuations of various choice sets (or menus) that differ in size and composition. The comparison of these valuations allows us to assess subjects’ preferences between sets and test a number of the theories of preferences over menus proposed in the literature. The results suggest that subjects are choice-averse: the value of a choice set is signi cantly and robustly lower than that of its preferred… Expand
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