2 papers
econ.TH2026
Associative Networks in Decision Making
Jiangtao Li, Rui Tang, Mu Zhang
We present a model of associative networks that captures how decision makers expand their consideration set through mental associations between alternatives. Our model provides a t…
econ.TH2021
A Theory of Choice Bracketing under Risk
Mu Zhang
Aggregating risks from multiple sources can be complex and demanding, and decision makers usually adopt heuristics to simplify the evaluation process. This paper axiomatizes two cl…