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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20503| Title: | Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods |
| Keywords: | D0 ddc:330 rationalizability of choice bounded rationality intransitive choice incomplete preferences menu dependence Beschränkte Rationalität Rationales Verhalten Präferenztheorie Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20503 |
| Other Identifiers: | http://hdl.handle.net/10419/20503 ppn:393556069 |
| Appears in Collections: | EconStor |
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