Context-Dependent Preferences

Tversky, A., & Simonson, I. (1993). Context-Dependent Preferences. Management Science, 39(10).

Type

Journal article

Intellectual base

Primary research

Year

1993

Volume

39

Issue

10

DOI

10.1287/mnsc.39.10.1179

DOI registrant

Institute for Operations Research and the Management Sciences

Link

https://doi.org/10.1287/mnsc.39.10.1179

Cited from

behavioral_economics

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Context-Dependent Preference
  • Value is constructed relative to the choice context rather than residing as a fixed context-free property of each option.

    This sourceStates the pattern in which the ordering of fixed alternatives depends on the comparison context rather than on context-free values attached to each option.

    Supported in partVerified against the publisher's abstract

    Tversky and Simonson review empirical findings inconsistent with value maximization, which attaches a context-free value to each option, and present "a context-dependent model that expresses the value of each option as an additive combination of two components": a contingent weighting process for background context and a binary comparison process for local context. Value that depends on what an option is set against is what the sentence asserts. The work presents context dependence as a modelling formalism and does not treat construction as a psychological process.

    “We review recent empirical findings that are inconsistent with value maximization, and present a context-dependent model that expresses the value of each option as an additive combination of two components: a contingent weighting process that captures the effect of the background context, and a binary comparison process that describes the effect of the local context.”

    Read by an automated reader; not a human review. How support was checked

Verification

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