Artikel
A model of choice from lists
The standard economic choice model assumes that the decision maker chooses from sets of alternatives. In contrast, we analyze a choice model in which the decision maker encounters the alternatives in the form of a list. We present two axioms similar in nature to the classical axioms of choice from sets. We show that they characterize all the choice functions from lists that involve the choice of either the first or the last optimal alternative in the list according to some preference relation. We then relate choice functions from lists to the classical notions of choice correspondences and random choice functions.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 1 ; Year: 2006 ; Issue: 1 ; Pages: 3-17 ; New York, NY: The Econometric Society
- Classification
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Wirtschaft
Microeconomics: General
- Subject
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Choice from lists
rational choice
partition independence
weak axiom of revealed preference
satisficing
- Event
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Geistige Schöpfung
- (who)
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Rubinstein, Ariel
Salant, Yuval
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
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New York, NY
- (when)
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2006
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Rubinstein, Ariel
- Salant, Yuval
- The Econometric Society
Time of origin
- 2006
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Removing specification errors from the usual formulation of binary choice models
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Duality in dynamic discrete-choice models
Identification in dynamic binary choice models
An instrumental variable model of multiple discrete choice
Discount models in intertemporal choice: An empirical analysis
Identification of counterfactuals in dynamic discrete choice models
Estimation of dynastic life-cycle discrete choice models
Misclassification in binary choice models with sample selection
Applications of discrete choice models: Selected papers from the 11th World Conference on Transport Research
List-rationalizable choice
Eliciting risk preferences using choice lists
Removing specification errors from the usual formulation of binary choice models
Social networks and choice set formation in discrete choice models
Duality in dynamic discrete-choice models
Identification in dynamic binary choice models
An instrumental variable model of multiple discrete choice
Discount models in intertemporal choice: An empirical analysis
Identification of counterfactuals in dynamic discrete choice models
Estimation of dynastic life-cycle discrete choice models
Misclassification in binary choice models with sample selection