Arbeitspapier
Satisficing behavior with a secondary criterion
Using the techniques of revealed preference analysis, we study a two-stage model of choice behavior. In the first stage, the decision maker maximizes a menu-dependent binary relation encoding preferences that are imperfectly perceived. In the second, a menu-independent binary relation is maximized over the subset of alternatives that survive the first stage. This structure can support various interpretations, including those of salience effects, positive action, and surface characteristics. We characterize the model behaviorally both in ordinal form and in terms of the corresponding numerical representations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 725
- Klassifikation
-
Wirtschaft
Microeconomic Behavior: Underlying Principles
- Thema
-
Bounded rationality
Choice function
Revealed preference
Salience
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tyson, Christopher J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen Mary University of London, School of Economics and Finance
- (wo)
-
London
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Tyson, Christopher J.
- Queen Mary University of London, School of Economics and Finance
Entstanden
- 2014
Ähnliche Objekte (12)
Demystifying the 'metric approach to social compromise with the unanimity criterion'
Macroeconomic simulation comparison with a multivariate extension of the Markov Information Criterion
The concentration centroid minimum distance clustering criterion
Least squares model averaging by prediction criterion
Education and criminal behavior: Insights from an expansion of upper secondary school
Education and Criminal Behavior: Insights from an Expansion of Upper Secondary School
Monetary policy as an optimum currency area criterion
Cognitive constraints, contraction consistency, and the satisficing criterion
Consistent preordering with an estimated criterion function, with an application to the evaluation and comparison of volatility models
Why Is Unemployment Duration a Sorting Criterion in Hiring?
Why Is Unemployment Duration a Sorting Criterion in Hiring?
Information Criterion and Estimation of Misspecified Qualitative Choice Models
Demystifying the 'metric approach to social compromise with the unanimity criterion'
Macroeconomic simulation comparison with a multivariate extension of the Markov Information Criterion
The concentration centroid minimum distance clustering criterion
Least squares model averaging by prediction criterion
Education and criminal behavior: Insights from an expansion of upper secondary school
Education and Criminal Behavior: Insights from an Expansion of Upper Secondary School
Monetary policy as an optimum currency area criterion
Cognitive constraints, contraction consistency, and the satisficing criterion
Consistent preordering with an estimated criterion function, with an application to the evaluation and comparison of volatility models
Why Is Unemployment Duration a Sorting Criterion in Hiring?
Why Is Unemployment Duration a Sorting Criterion in Hiring?
Information Criterion and Estimation of Misspecified Qualitative Choice Models
Demystifying the 'metric approach to social compromise with the unanimity criterion'
Macroeconomic simulation comparison with a multivariate extension of the Markov Information Criterion
The concentration centroid minimum distance clustering criterion
Least squares model averaging by prediction criterion
Education and criminal behavior: Insights from an expansion of upper secondary school
Education and Criminal Behavior: Insights from an Expansion of Upper Secondary School
Monetary policy as an optimum currency area criterion
Cognitive constraints, contraction consistency, and the satisficing criterion
Consistent preordering with an estimated criterion function, with an application to the evaluation and comparison of volatility models
Why Is Unemployment Duration a Sorting Criterion in Hiring?
Why Is Unemployment Duration a Sorting Criterion in Hiring?