B. Douglas Bernheim,Luca Braghieri,Alejandro Martínez-Marquina,D. M. Zuckerman
出处
期刊:Social Science Research Network [Social Science Electronic Publishing] 日期:2019-01-01被引量:1
标识
DOI:10.2139/ssrn.3350187
摘要
We propose and develop a dynamic theory of endogenous preference formation in which people adopt worldviews that shape their judgments about their experiences. The framework highlights the role of mindset flexibility, a trait that determines the relative weights the decision maker places on her current and anticipated worldviews when evaluating future outcomes. The theory generates rich behavioral dynamics, thereby illuminating a wide range of applications and providing potential explanations for a variety of observed phenomena.