Arbeitspapier
A random attention and utility model
We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by Cattaneo et al. (2020) and a stability condition on the marginal distribution of preferences. Our framework is amenable to statistical testing. These new restrictions extend widely known parametric models of consideration with heterogeneous preferences.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Report ; No. 2022-3
- Klassifikation
-
Wirtschaft
Econometric Modeling: General
Model Construction and Estimation
Model Evaluation, Validation, and Selection
Design of Experiments: Laboratory, Individual
- Thema
-
random utility
random consideration sets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kashaev, Nail
Aguiar, Victor H.
- Ereignis
-
Veröffentlichung
- (wer)
-
The University of Western Ontario, Department of Economics
- (wo)
-
London (Ontario)
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Kashaev, Nail
- Aguiar, Victor H.
- The University of Western Ontario, Department of Economics
Entstanden
- 2022
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