Choice by Lexicographic Semiorders
AbstractWe 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.
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Bibliographic InfoPaper 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.
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Other versions of this item:
- 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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- Jose Apesteguia & Miguel A. Ballester, 2012.
"Choice by sequential procedures,"
Economics Working Papers
1309, Department of Economics and Business, Universitat Pompeu Fabra.
- Au, Pak Hung & Kawai, Keiichi, 2011.
"Sequentially rationalizable choice with transitive rationales,"
Games and Economic Behavior,
Elsevier, vol. 73(2), pages 608-614.
- Au, Pak Hung & Kawai, Keiichi, 2011. "Sequentially Rationalizable Choice with Transitive Rationales," MPRA Paper 29687, University Library of Munich, Germany.
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