Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36879 
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dc.contributor.authorManzini, Paolaen
dc.contributor.authorMariotti, Marcoen
dc.date.accessioned2010-06-25-
dc.date.accessioned2010-07-23T09:34:26Z-
dc.date.available2010-07-23T09:34:26Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5006en
dc.subject.jelD0en
dc.subject.ddc330en
dc.subject.keywordDiscrete choiceen
dc.subject.keywordrandom utilityen
dc.subject.keywordlogit modelen
dc.subject.keywordconsideration setsen
dc.subject.keywordbounded rationalityen
dc.subject.stwDiskrete Entscheidungen
dc.subject.stwPersönlichkeitspsychologieen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwPräferenztheorieen
dc.subject.stwOffenbarte Präferenzenen
dc.subject.stwLogit-Modellen
dc.subject.stwTheorieen
dc.titleA salience theory of choice errors-
dc.type|aWorking Paperen
dc.identifier.ppn630059829en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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