List-based decision problems
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 stop-and-choose rule which unifies position-biased successive choice and satisficing choice.
|Date of creation:||Mar 2013|
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- Mandler, Michael & Manzini, Paola & Mariotti, Marco, 2012.
"A million answers to twenty questions: Choosing by checklist,"
Journal of Economic Theory,
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