• Medientyp: Bericht; E-Book
  • Titel: Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods
  • Beteiligte: Manzini, Paola [Verfasser:in]; Mariotti, Marco [Verfasser:in]
  • Erschienen: Bonn: Institute for the Study of Labor (IZA), 2004
  • Sprache: Englisch
  • Schlagwörter: incomplete preferences ; rationalizability of choice ; D0 ; bounded rationality ; menu dependence ; Präferenztheorie ; Rationales Verhalten ; intransitive choice ; Theorie ; Beschränkte Rationalität
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  • Beschreibung: A sequentially rationalizable choice function is a choice function which can be obtained by applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two rationales. These concepts translate into economic language some human choice heuristics studied in psychology. We provide a full characterization of RSMs and study some properties of sequential rationalizability. These properties allow some degree of menu dependence in choice.
  • Zugangsstatus: Freier Zugang