Arbeitspapier
Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods
A sequentially rationalizable choice function is a choice function which can be obtained by applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two rationales. These concepts translate into economic language some human choice heuristics studied in psychology. We provide a full characterization of RSMs and study some properties of sequential rationalizability. These properties allow some degree of menu dependence in choice.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1239
- Klassifikation
-
Wirtschaft
- Thema
-
rationalizability of choice
bounded rationality
intransitive choice
incomplete preferences
menu dependence
Beschränkte Rationalität
Rationales Verhalten
Präferenztheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Manzini, Paola
Mariotti, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 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
- Manzini, Paola
- Mariotti, Marco
- Institute for the Study of Labor (IZA)
Entstanden
- 2004
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