Artikel
Choice by lexicographic semiorders
In Tversky's (1969) model of a lexicographic semiorder, preference is generated by the sequential application of numerical criteria, by declaring an alternative x better than an alternative y if the first criterion that distinguishes between x and y ranks x higher than y by an amount exceeding a fixed threshold. We generalize this idea to a fully-fledged model of boundedly rational choice. We explore the connection with sequential rationalizability of choice (Apesteguia and Ballester 2009, Manzini and Mariotti 2007), and we provide axiomatic characterizations of both models in terms of observable choice data.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 7 ; Year: 2012 ; Issue: 1 ; Pages: 1-23 ; New Haven, CT: The Econometric Society
- Classification
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Wirtschaft
- Subject
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Lexicographic semiorders
bounded rationality
revealed preference
choice
- Event
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Geistige Schöpfung
- (who)
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Mariotti, Marco
Manzini, Paola
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
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New Haven, CT
- (when)
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2012
- DOI
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doi:10.3982/TE679
- Handle
- Last update
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10.03.2025, 11:41 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
- Mariotti, Marco
- Manzini, Paola
- The Econometric Society
Time of origin
- 2012
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