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Choice by iterative search
Masatlioglu, Yusufcan; Nakajima, Daisuke - In: Theoretical economics : TE ; journal of the Econometric … 8 (2013) 3, pp. 701-728
Persistent link: https://www.econbiz.de/10010207659
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Choice by iterative search
Masatlioglu, Yusufcan; Nakajima, Daisuke - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 701-728
When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to analyze every alternative. To capture these situations, we formulate a framework to study behavioral search by utilizing the idea of consideration sets. Consumers engage in a...
Persistent link: https://www.econbiz.de/10011685228
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Choice by lexicographic semiorders
Manzini, Paola; Mariotti, Marco - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 1, pp. 1-23
of boundedly rational choice. We explore the connection with sequential rationalizability of choice (Apesteguia and … choice data. …
Persistent link: https://www.econbiz.de/10011690973
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Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - In: Econometrica : journal of the Econometric Society, an … 82 (2014) 3, pp. 1153-1176
Persistent link: https://www.econbiz.de/10010506472
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Gradual pairwise comparison and stochastic choice
Dutta, Rohan - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1335-1364
Guided by evidence from eye-tracking studies of choice, pairwise comparison is assumed to be the building block of the … comparisons gradually, easier comparisons preceding difficult ones. Facing a choice problem she may be unable to complete all … relevant comparisons and choose with equal odds from alternatives not found inferior. Stochastic choice data consistent with …
Persistent link: https://www.econbiz.de/10012415409
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Cardinal revealed preference, price-dependent utility, and consistent binary choice
Aguiar, Victor H.; Serrano, Roberto - 2018 - This version: January 2018
We present a new notion of cardinal revealed preference that exploits the expenditure information in classical consumer theory environments with finite data. We propose a new behavioral axiom, Acyclic Enticement (AE), that requires the acyclicity of the cardinal revealed-preference relation. AE...
Persistent link: https://www.econbiz.de/10011781679
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Introduction: methodologies of bounded rationality
Grüne-Yanoff, Till; Marchionni, Caterina; Moscati, Ivan - In: The journal of economic methodology 21 (2014) 4, pp. 325-342
Persistent link: https://www.econbiz.de/10010485895
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Complexity and choice
Salant, Yuval; Spenkuch, Jörg L. - 2021
We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity …, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition … complexity, which increases when suboptimal alternatives become more similar to optimal ones. We develop a satisficing …
Persistent link: https://www.econbiz.de/10012602341
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Slutsky matrix norms and revealed preference tests of consumer behaviour
Aguiar, Victor H.; Serrano, Roberto - 2015 - This version: January 2015
Given any observed finite sequence of prices, wealth and demand choices, we characterize the relation between its underlying Slutsky matrix norm (SMN) and some popular discrete revealed preference (RP) measures of departures from rationality, such as the Afriat index. We show that testing...
Persistent link: https://www.econbiz.de/10010472595
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Psychological versus economic models of bounded rationality
Ross, Don - In: The journal of economic methodology 21 (2014) 4, pp. 411-427
Persistent link: https://www.econbiz.de/10010485853