# Recall searching with and without recall

## Author Info

Listed author(s):
• Daniela Cagno
• Tibor Neugebauer

()

• Carlos Rodriguez-Palmero

## Abstract

We revisit the sequential search problem by Hey (J Econ Behav Organ 8:137–144, 1987 ). In a 2 $$\times$$ × 2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey ( 1987 ). Our results provide clear evidence for Hey’s ( 1987 ) conjecture that recall negatively affects performance in sequential search. With experience, however, search behavior with and without recall converges toward the optimal reservation rule. We further find that the utilization of optimal reservation rules is independent from the stochastic nature of the search cost. Copyright Springer Science+Business Media New York 2014

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File URL: http://hdl.handle.net/10.1007/s11238-014-9444-1

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## Bibliographic Info

Article provided by Springer in its journal Theory and Decision.

Volume (Year): 77 (2014)
Issue (Month): 3 (October)
Pages: 297-311

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 Handle: RePEc:kap:theord:v:77:y:2014:i:3:p:297-311 DOI: 10.1007/s11238-014-9444-1 Contact details of provider: Web page: http://www.springer.com Order Information: Web: http://www.springer.com/economics/economic+theory/journal/11238/PS2

## References

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1. Daniela Cagno & Tibor Neugebauer & Carlos Rodriguez-Palmero & Abdolkarim Sadrieh, 2014. "Recall searching with and without recall," Theory and Decision, Springer, vol. 77(3), pages 297-311, October.
2. Hey, John D., 1981. "Are optimal search rules reasonable? and vice versa? (And does it matter anyway?)," Journal of Economic Behavior & Organization, Elsevier, vol. 2(1), pages 47-70, March.
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16. Ben Greiner, 2004. "The Online Recruitment System ORSEE - A Guide for the Organization of Experiments in Economics," Papers on Strategic Interaction 2003-10, Max Planck Institute of Economics, Strategic Interaction Group.
17. Cox, James C & Oaxaca, Ronald L, 1989. "Laboratory Experiments with a Finite-Horizon Job-Search Model," Journal of Risk and Uncertainty, Springer, vol. 2(3), pages 301-329, September.
18. James Cox & Ronald Oaxaca, 2000. "Good News and Bad News: Search from Unknown Wage Offer Distributions," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 197-225, March.
19. Harrison, Glenn W & Morgan, Peter, 1990. "Search Intensity in Experiments," Economic Journal, Royal Economic Society, vol. 100(401), pages 478-486, June.
20. Graham Loomes & Robert Sugden, 1986. "Disappointment and Dynamic Consistency in Choice under Uncertainty," Review of Economic Studies, Oxford University Press, vol. 53(2), pages 271-282.
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