Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62834 
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dc.contributor.authorManzini, Paolaen
dc.contributor.authorMariotti, Marcoen
dc.date.accessioned2012-09-20T12:59:34Z-
dc.date.available2012-09-20T12:59:34Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/62834-
dc.description.abstractWe study and test a class of boundedly rational models of decision making which rely on sequential eliminative heuristics. We formalize two sequential decision procedures, both inspired by plausible models popular among several psychologists and marketing scientists. However we follow a standard `revealed preference' economic approach by fully characterizing these procedures by few, simple and testable conditions on observed choice. Then we test the models (as well as the standard utility maximization model) with experimental data. We find that the large majority of individuals behave in a way consistent with one of our procedures, and inconsistent with the utility maximization model.en
dc.language.isoengen
dc.publisher|aQueen Mary University of London, Department of Economics |cLondonen
dc.relation.ispartofseries|aWorking Paper |x561en
dc.subject.jelC91en
dc.subject.jelD9en
dc.subject.ddc330en
dc.subject.keywordBounded rationality, Choice experimentsen
dc.titleTwo-stage boundedly rational choice procedures: Theory and experimental evidence-
dc.typeWorking Paperen
dc.identifier.ppn516514938en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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