List-based decision problems

When encountering a set of alternatives displayed in the form of a list, the decision maker usually determines a particular alternative, after which she stops checking the remaining ones, and chooses an alternative from those observed so far. We present a framework in which both decision problems are explicitly modeled, and axiomatically characterize a stop-and-choose rule which unifies position-biased successive choice and satisficing choice.

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Year of publication:	2013-03
Authors:	Dimitrov, Dinko ; Mukherjee, Saptarshi ; Muto, Nozomu
Institutions:	Graduate School of Economics, Hitotsubashi University
Subject:	choice function \| list \| satisficing choice \| stopping decision \| successive choice

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2013-02 17 pages long
Classification:	D00 - Microeconomics. General ; D11 - Consumer Economics: Theory ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630612