Task Transcending Satisficing - An Experimental Study
msra(2006)
摘要
The paper explores the applicability of the satisficing approach. In particular, we investigate whether basic principles of aspiration for- mation and satisficing behavior are transferable between similar situ- ations. Individuals are sequentially confronted with two risky invest- ment tasks, a simple and a more complex one. Initially elicited state- contingent aspirations can be used to predict actual portfolio selection in both tasks. We explore whether individual characteristics of satis- ficing apply to both scenarios. Results indicate that stated aspirations frequently cannot be fulfilled. However, aspiration formation itself is highly transferable between tasks.
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关键词
bounded rationality
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