Inferring Rationales from Choice : Identification for Rational Shortlist Methods
A wide variety of choice behavior inconsistent with preference maximization can be explained by Manzini and Mariotti's Rational Shortlist Methods. Choices are made by sequentially applying a pair of asymmetric binary relations (rationales) to eliminate inferior alternatives. Manzini and Mariotti's axiomatic treatment elegantly describes which behavior can be explained by this model. However, it leaves unanswered what can be inferred, from observed behavior, about the underlying rationales. Establishing this connection is fundamental not only for applied and empirical work but also for meaningful welfare analysis. Our results tightly characterize the surprisingly rich relationship between behavior and the underlying rationales.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: C.P. 6128, Succ. centre-ville, Montréal (PQ) H3C 3J7|
Phone: (514) 343-6557
Fax: (514) 343-7221
Web page: http://www.cireq.umontreal.ca
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Spiegler, Ran, 2014.
"Bounded Rationality and Industrial Organization,"
Oxford University Press, number 9780199334261, December.
- Houy, Nicolas & Tadenuma, Koichi, 2009.
"Lexicographic compositions of multiple criteria for decision making,"
Journal of Economic Theory,
Elsevier, vol. 144(4), pages 1770-1782, July.
- Houy, Nicolas & Tadenuma, Koichi, 2007. "Lexicographic Compositions of Multiple Criteria for Decision Making," Discussion Papers 2007-13, Graduate School of Economics, Hitotsubashi University.
- Eric Danan, 2010.
"Randomization vs. selection: How to choose in the absence of preference?,"
- Eric Danan, 2010. "Randomization vs. Selection: How to Choose in the Absence of Preference?," Management Science, INFORMS, vol. 56(3), pages 503-518, March.
- repec:dau:papers:123456789/12478 is not listed on IDEAS
- Christopher J. Tyson, 2012.
"Behavioral Implications of Shortlisting Procedures,"
697, Queen Mary University of London, School of Economics and Finance.
- Christopher Tyson, 2013. "Behavioral implications of shortlisting procedures," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(4), pages 941-963, October.
- Winand Emons & Claude Fluet, 2011.
"Non-comparative versus Comparative Advertising of Quality,"
CIRANO Working Papers
- Emons, Winand & Fluet, Claude, 2012. "Non-comparative versus comparative advertising of quality," International Journal of Industrial Organization, Elsevier, vol. 30(4), pages 352-360.
- Winand Emons & Claude Fluet, 2011. "Non-Comparative versus Comparative Advertising of Quality," Cahiers de recherche 1139, CIRPEE.
- Geoffroy de Clippel & Kareen Rozen, 2012.
"Bounded Rationality and Limited Datasets,"
Cowles Foundation Discussion Papers
1853, Cowles Foundation for Research in Economics, Yale University, revised May 2014.
- Huber, Joel & Payne, John W & Puto, Christopher, 1982. " Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis," Journal of Consumer Research, Oxford University Press, vol. 9(1), pages 90-98, June.
- B. Douglas Bernheim & Antonio Rangel, 2009. "Beyond Revealed Preference: Choice-Theoretic Foundations for Behavioral Welfare Economics," The Quarterly Journal of Economics, Oxford University Press, vol. 124(1), pages 51-104.
- Au, Pak Hung & Kawai, Keiichi, 2011.
"Sequentially rationalizable choice with transitive rationales,"
Games and Economic Behavior,
Elsevier, vol. 73(2), pages 608-614.
- Au, Pak Hung & Kawai, Keiichi, 2011. "Sequentially Rationalizable Choice with Transitive Rationales," MPRA Paper 29687, University Library of Munich, Germany.
- Ariel Rubinstein & Yuval Salant, 2009.
"Eliciting Welfare Preferences from Behavioral Datasets,"
Levine's Working Paper Archive
814577000000000374, David K. Levine.
- Ariel Rubinstein & Yuval Salant, 2012. "Eliciting Welfare Preferences from Behavioural Data Sets," Review of Economic Studies, Oxford University Press, vol. 79(1), pages 375-387.
- Jose Apesteguia & Miguel Ballester, 2009.
"Choice by Sequential Procedures,"
NajEcon Working Paper Reviews
- Jose Apesteguia & Miguel Angel Ballester, 2012. "Choice By Sequential Procedures," Working Papers 615, Barcelona Graduate School of Economics.
- Jose Apesteguia & Miguel A. Ballester, 2012. "Choice by sequential procedures," Economics Working Papers 1309, Department of Economics and Business, Universitat Pompeu Fabra.
- García-Sanz, María D. & Alcantud, José Carlos R., 2010. "Rational choice by two sequential criteria," MPRA Paper 21487, University Library of Munich, Germany.
- Simon P. Anderson & Régis Renault, 2009.
"Comparative advertising: disclosing horizontal match information,"
RAND Journal of Economics,
RAND Corporation, vol. 40(3), pages 558-581.
- Simon P. ANDERSON & Régis RENAULT, 2008. "Comparative Advertising: disclosing horizontal match information," THEMA Working Papers 2008-29, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Oxford University Press, vol. 38(3), pages 307-317.
- Eddie Dekel & Barton L. Lipman, 2010.
"How (Not) to Do Decision Theory,"
Annual Review of Economics,
Annual Reviews, vol. 2(1), pages 257-282, 09.
- Geoffroy de Clippel & Kareen Rozen, 2012. "Bounded Rationality and Limited Datasets: Testable Implications, Identifiability, and Out-of-Sample Prediction," Working Papers 2012-7, Brown University, Department of Economics.
- B. Douglas Bernheim & Antonio Rangel, 2007. "Toward Choice-Theoretic Foundations for Behavioral Welfare Economics," American Economic Review, American Economic Association, vol. 97(2), pages 464-470, May.
- Manzini, Paola & Mariotti, Marco & Tyson, Christopher J., 2011. "Manipulation of Choice Behavior," IZA Discussion Papers 5891, Institute for the Study of Labor (IZA).
- Uwe Dulleck & Franz Hackl & Bernhard Weiss & Rudolf Winter‐Ebmer, 2011. "Buying Online: An Analysis of Shopbot Visitors," German Economic Review, Verein für Socialpolitik, vol. 12(4), pages 395-408, November.
When requesting a correction, please mention this item's handle: RePEc:mtl:montec:09-2013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sharon BREWER)
If references are entirely missing, you can add them using this form.