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  1. This or that? Sequential rationalization of indecisive choice behavior.Jesper Armouti-Hansen & Christopher Kops - 2018 - Theory and Decision 84 (4):507-524.
    Decision-makers frequently struggle to base their choices on an exhaustive evaluation of all options at stake. This is particularly so when the choice problem at hand is complex, because the available alternatives are hard to compare. Rather than striving to choose the most valuable alternative, in such situations decision-makers often settle for the choice of an alternative which is not inferior to any other available alternative instead. In this paper, we extend two established models of boundedly rational choice, the categorize (...)
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  • Nudging and Participation: a Contractualist Approach to Behavioural Policy.Johann Jakob Häußermann - 2020 - Philosophy of Management 19 (1):45-68.
    As behavioural economics reveals, human decision-making deviates from neoclassical assumptions about human behaviour and people (often) fail to make the ‘right’ welfare-enhancing choice. The purpose of Sunstein and Thaler’s concept of ‘nudge’ is to improve individual welfare. To provide normative justification, they argue that the only relevant normative criterion is whether the individual is ‘better off as judged by themselves’, so that the direction in which people are to be nudged is defined by their own preferences. In light of behavioural (...)
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