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Monotone threshold representations
Frick, Mira - In: Theoretical Economics 11 (2016) 3, pp. 757-772
Motivated by the literature on ``choice overload'', we study a boundedly rational agent whose choice behavior admits a … of the model, extending familiar characterizations of rational choice. We classify monotone threshold representations as … satisficing'' model as well as Fishburn (1975) and Luce's (1956) model of choice behavior generated by a semiorder. We …
Persistent link: https://www.econbiz.de/10011599584
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Social activity and network formation
Baetz, Oliver - In: Theoretical Economics 10 (2015) 2, pp. 315-340
This paper develops a simple model in which a social hierarchy emerges endogenously when agents form a network for complementary interaction (``activity''). Specifically, we assume that agents are ex ante identical and their best response activity, as well as their value function, increases...
Persistent link: https://www.econbiz.de/10011599542
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Social activity and network formation
Baetz, Oliver - In: Theoretical Economics 10 (2015) 2
This paper develops a simple model in which a social hierarchy emerges endogenously when agents form a network for complementary interaction (``activity''). Specifically, we assume that agents are ex ante identical and their best response activity, as well as their value function, increases...
Persistent link: https://www.econbiz.de/10010765119
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Reason-based choice: a bargaining rationale for the attraction and compromise effects
de Clippel, Geoffroy; Eliaz, Kfir - In: Theoretical Economics 7 (2012) 1, pp. 125-162
compromise effect refers to the tendency of individuals to choose an intermediate option in a choice set, while the attraction … effect refers to the tendency to choose an option that dominates some other options in the choice set. This paper argues that … both effects may result from an individual's attempt to overcome the difficulty of making a choice in the absence of a …
Persistent link: https://www.econbiz.de/10011599458
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Two-stage threshold representations
Manzini, Paola; Tyson, Christopher J.; Mariotti, Marco - In: Theoretical Economics 8 (2013) 3, pp. 875-882
We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values …
Persistent link: https://www.econbiz.de/10011599502
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Choosing on influence
Cuhadaroglu, Tugce - In: Theoretical Economics 12 (2017) 2, pp. 477-492
each other for those issues that they cannot solve on their own. Following a choice-theoretic approach, we provide simple …
Persistent link: https://www.econbiz.de/10012010074
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The implications of finite-order reasoning
Brandenburger, Adam; Danieli, Alexander; Friedenberg, Amanda - In: Theoretical Economics 16 (2021) 4, pp. 1605-1654
The epistemic conditions of rationality and mth-order strong belief of rationality (RmSBR; Battigalli and Siniscalchi, 2002) formalize the idea that players engage in contextualized forward-induction reasoning. This paper characterizes the behavior consistent with RmSBR across all type...
Persistent link: https://www.econbiz.de/10013188995
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Reason-based choice: a bargaining rationale for the attraction and compromise effects
de Clippel, Geoffroy; Eliaz, Kfir - In: Theoretical Economics 7 (2012) 1
compromise effect refers to the tendency of individuals to choose an intermediate option in a choice set, while the attraction … effect refers to the tendency to choose an option that dominates some other options in the choice set. This paper argues that … both effects may result from an individual's attempt to overcome the difficulty of making a choice in the absence of a …
Persistent link: https://www.econbiz.de/10008800997
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Two-stage threshold representations
Manzini, Paola; Tyson, Christopher J.; Mariotti, Marco - In: Theoretical Economics 8 (2013) 3
We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values …
Persistent link: https://www.econbiz.de/10010691961
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Designing stable mechanisms for economic environments
Healy, Paul J.; Mathevet, Laurent - In: Theoretical Economics 7 (2012) 3, pp. 609-661
We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in this mechanism design context, focusing instead on...
Persistent link: https://www.econbiz.de/10011599472