Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/150072
Authors: 
Rubinstein, Ariel
Salant, Yuval
Year of Publication: 
2006
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 1 [Year:] 2006 [Issue:] 1 [Pages:] 3-17
Abstract: 
The standard economic choice model assumes that the decision maker chooses from <i>sets</i> of alternatives. In contrast, we analyze a choice model in which the decision maker encounters the alternatives in the form of a <i>list</i>. We present two axioms similar in nature to the classical axioms of choice from sets. We show that they characterize all the choice functions from lists that involve the choice of either the first or the last optimal alternative in the list according to some preference relation. We then relate choice functions from lists to the classical notions of choice correspondences and random choice functions.
Subjects: 
Choice from lists
rational choice
partition independence
weak axiom of revealed preference
satisficing
JEL: 
D00
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/2.5
Document Type: 
Article

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