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econ.GN2023
Peer Effects in Consideration and Preferences
Nail Kashaev, Natalia Lazzati, Ruli Xiao
We develop a general model of discrete choice that incorporates peer effects in preferences and consideration sets. We characterize the equilibrium behavior and establish condition…
econ.TH2023
Dynamic and Stochastic Rational Behavior
Nail Kashaev, Victor H. Aguiar, Martin Plávala +1
The (static) utility maximization model of Afriat (1967), which is the standard in analysing choice behavior, is under scrutiny. We propose the Dynamic Random Utility Model (DRUM)…