We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the … connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of … observable choice data. -- Lexicographic semiorders ; bounded rationality ; revealed preference ; choice …

We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after … paradoxically express their preference through choice more truthfully than more rational agents. -- Discrete choice ; random utility …