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.
- Sprache
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Englisch
- Erschienen in
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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
- Klassifikation
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Wirtschaft
Microeconomics: General
- Thema
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Choice from lists
rational choice
partition independence
weak axiom of revealed preference
satisficing
- Ereignis
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Geistige Schöpfung
- (wer)
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Rubinstein, Ariel
Salant, Yuval
- Ereignis
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Veröffentlichung
- (wer)
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The Econometric Society
- (wo)
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New York, NY
- (wann)
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2006
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Rubinstein, Ariel
- Salant, Yuval
- The Econometric Society
Entstanden
- 2006