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Recall searching with and without recall

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

    ()

  • Carlos Rodriguez-Palmero
  • Abdolkarim Sadrieh

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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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
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Order Information: Web: http://www.springer.com/economics/economic+theory/journal/11238/PS2

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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.
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  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.
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