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‘Divide-and-choose’ in list-based decision problems

Author

Listed:
  • Dinko Dimitrov

    (Saarland University)

  • Saptarshi Mukherjee

    (Indian Institute of Technology)

  • Nozomu Muto

    (Yokohama National University)

Abstract

When encountering a set of alternatives displayed in the form of a list, the decision maker usually determines a particular alternative, after which she stops checking the remaining ones, and chooses an alternative from those observed so far. We present a framework in which both decision problems are explicitly modeled, and axiomatically characterize a ‘divide-and-choose’ rule which unifies successive choice and satisficing choice.

Suggested Citation

  • Dinko Dimitrov & Saptarshi Mukherjee & Nozomu Muto, 2016. "‘Divide-and-choose’ in list-based decision problems," Theory and Decision, Springer, vol. 81(1), pages 17-31, June.
    • Handle: RePEc:kap:theord:v:81:y:2016:i:1:d:10.1007_s11238-015-9522-z
    DOI: 10.1007/s11238-015-9522-z
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