Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20503
Authors: 
Manzini, Paola
Mariotti, Marco
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1239
Abstract: 
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.
Subjects: 
rationalizability of choice
bounded rationality
intransitive choice
incomplete preferences
menu dependence
JEL: 
D0
Document Type: 
Working Paper

Files in This Item:
File
Size
361.01 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.