Choice by Lexicographic Semiorders
Abstract
We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data.Download Info
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4046.Length: 26 pages
Date of creation: Feb 2009
Date of revision:
Publication status: published in: Theoretical Economics, 2012, 7 (1), 1-23.
Handle: RePEc:iza:izadps:dp4046
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Related research
Keywords: revealed preference; lexicographic semiorders; bounded rationality; choice;Other versions of this item:
- Mariotti, Marco & Manzini, Paola, 2012. "Choice by lexicographic semiorders," Theoretical Economics, Econometric Society, vol. 7(1), January.
- D0 - Microeconomics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-03-22 (All new papers)
- NEP-CBE-2009-03-22 (Cognitive & Behavioural Economics)
- NEP-DCM-2009-03-22 (Discrete Choice Models)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Apesteguia, Jose & Ballester, Miguel A., 2013.
"Choice by sequential procedures,"
Games and Economic Behavior,
Elsevier, vol. 77(1), pages 90-99.
- Jose Apesteguia & Miguel A. Ballester, 2012. "Choice by sequential procedures," Economics Working Papers 1309, Department of Economics and Business, Universitat Pompeu Fabra.
- Jose Apesteguia & Miguel Ballester, 2009. "Choice by Sequential Procedures," NajEcon Working Paper Reviews 814577000000000404, www.najecon.org.
- Jose Apesteguia & Miguel Angel Ballester, 2012. "Choice By Sequential Procedures," Working Papers 615, Barcelona Graduate School of Economics.
- Au, Pak Hung & Kawai, Keiichi, 2011.
"Sequentially Rationalizable Choice with Transitive Rationales,"
MPRA Paper
29687, University Library of Munich, Germany.
- Au, Pak Hung & Kawai, Keiichi, 2011. "Sequentially rationalizable choice with transitive rationales," Games and Economic Behavior, Elsevier, vol. 73(2), pages 608-614.
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