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.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 1239
- Classification
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Wirtschaft
- Subject
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rationalizability of choice
bounded rationality
intransitive choice
incomplete preferences
menu dependence
Beschränkte Rationalität
Rationales Verhalten
Präferenztheorie
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Manzini, Paola
Mariotti, Marco
- Event
-
Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2004
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Manzini, Paola
- Mariotti, Marco
- Institute for the Study of Labor (IZA)
Time of origin
- 2004
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