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Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods

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dc.creator Manzini, Paola
dc.creator Mariotti, Marco
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:49Z
dc.date.available 2013-10-16T07:10:49Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20503
dc.identifier ppn:393556069
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20503
dc.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.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 1239
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D0
dc.subject ddc:330
dc.subject rationalizability of choice
dc.subject bounded rationality
dc.subject intransitive choice
dc.subject incomplete preferences
dc.subject menu dependence
dc.subject Beschränkte Rationalität
dc.subject Rationales Verhalten
dc.subject Präferenztheorie
dc.subject Theorie
dc.title Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods
dc.type doc-type:workingPaper


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