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.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 725
- Classification
-
Wirtschaft
Microeconomic Behavior: Underlying Principles
- Subject
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Bounded rationality
Choice function
Revealed preference
Salience
- Event
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Geistige Schöpfung
- (who)
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Tyson, Christopher J.
- Event
-
Veröffentlichung
- (who)
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Queen Mary University of London, School of Economics and Finance
- (where)
-
London
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 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
- Tyson, Christopher J.
- Queen Mary University of London, School of Economics and Finance
Time of origin
- 2014
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