Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97359
Authors: 
Tyson, Christopher J.
Year of Publication: 
2012
Series/Report no.: 
Working Paper, School of Economics and Finance, Queen Mary, University of London 697
Abstract: 
We consider two-stage shortlisting procedures in which the menu of alternatives is first pruned by some process or criterion and then a binary relation is maximized. Given a particular first-stage process, our main result supplies a necessary and sufficient condition for choice data to be consistent with a procedure in the designated class. This result applies to any class of procedures with a certain lattice structure, including the cases of consideration filters, satisficing with salience effects, and rational shortlist methods. The theory avoids background assumptions made for mathematical convenience; in this and other respects following Richter's classical analysis of preference-maximizing choice in the absence of shortlisting.
Subjects: 
Attention
Complete lattice
Consideration set
Revealed preference
JEL: 
D01
D03
Document Type: 
Working Paper

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