Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270405 
Year of Publication: 
2022
Series/Report no.: 
Research Report No. 2022-3
Publisher: 
The University of Western Ontario, Department of Economics, London (Ontario)
Abstract: 
We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by Cattaneo et al. (2020) and a stability condition on the marginal distribution of preferences. Our framework is amenable to statistical testing. These new restrictions extend widely known parametric models of consideration with heterogeneous preferences.
Subjects: 
random utility
random consideration sets
JEL: 
C50
C51
C52
C91
Document Type: 
Working Paper

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