IDEAS home Printed from https://ideas.repec.org/a/eee/jetheo/v228y2025ics0022053125001061.html
   My bibliography  Save this article

A model of rejection-based decision making

Author

Listed:
  • Bhardwaj, Bhavook
  • Manocha, Kriti

Abstract

This paper introduces a model of decision making based on a procedure of rejection. Departing from the standard model of choice via preference maximization, the decision maker (DM) in our model rejects minimal alternatives from a menu according to a binary relation. We axiomatically study the correspondence of non-rejected alternatives with different rationality conditions on the underlying binary relation. We then generalize our model to study correspondences generated by an iterative procedure of rejection. It is observed that the classical rational choice model is a special case of this model, thus providing a procedural description of selecting the maximal set. We find that the rejection approach developed in this paper can also explain anomalies observed in decision theory, such as the two-decoy effect or the two-compromise effect.

Suggested Citation

  • Bhardwaj, Bhavook & Manocha, Kriti, 2025. "A model of rejection-based decision making," Journal of Economic Theory, Elsevier, vol. 228(C).
    • Handle: RePEc:eee:jetheo:v:228:y:2025:i:c:s0022053125001061
    DOI: 10.1016/j.jet.2025.106060
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0022053125001061
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jet.2025.106060?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • D0 - Microeconomics - - General
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jetheo:v:228:y:2025:i:c:s0022053125001061. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622869 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.