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dc.contributor.authorManzini, Paolaen_US
dc.contributor.authorMariotti, Marcoen_US
dc.date.accessioned2010-06-25en_US
dc.date.accessioned2010-07-23T09:34:26Z-
dc.date.available2010-07-23T09:34:26Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36879-
dc.description.abstractWe study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality of the agent (his general propensity to consider all alternatives). The model turns out to include a logit formulation as a special case. In general, it has a rich set of implications both for exogenous parameters and for a situation in which alternatives can affect their own salience (salience games). Such implications are relevant to assess the link between 'revealed' preferences and 'true' preferences: for example, less rational agents may paradoxically express their preference through choice more truthfully than more rational agents.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5006en_US
dc.subject.jelD0en_US
dc.subject.ddc330en_US
dc.subject.keywordDiscrete choiceen_US
dc.subject.keywordrandom utilityen_US
dc.subject.keywordlogit modelen_US
dc.subject.keywordconsideration setsen_US
dc.subject.keywordbounded rationalityen_US
dc.subject.stwDiskrete Entscheidungen_US
dc.subject.stwPersönlichkeitspsychologieen_US
dc.subject.stwBeschränkte Rationalitäten_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwOffenbarte Präferenzenen_US
dc.subject.stwLogit-Modellen_US
dc.subject.stwTheorieen_US
dc.titleA salience theory of choice errorsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn630059829en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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