Arbeitspapier
Good enough
A decision maker may not perfectly maximize her preference over the feasible set. She may feel it is good enough to maximize her preference over a sufficiently large consideration set; or just require that her choice is sufficiently well-ranked (e.g., in the top quintile of options); or even endogenously determine a threshold for what is good enough, based on an initial sampling of the options. We introduce and investigate a class of theories, Order-k Rationality, encompassing heuristics such as these.
- Language
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Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2018-12
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Barberà, Salvador
De Clippel, Geoffroy
Neme, Alejandro
Rozen, Kareen
- Event
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Veröffentlichung
- (who)
-
Brown University, Department of Economics
- (where)
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Providence, RI
- (when)
-
2018
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Barberà, Salvador
- De Clippel, Geoffroy
- Neme, Alejandro
- Rozen, Kareen
- Brown University, Department of Economics
Time of origin
- 2018
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