When is coarseness not a curse? Comparative statics of the coarse random utility model

Sean Horan, Paola Manzini and Marco Mariotti

Journal of Economic Theory, 2022, vol. 202, issue C

Abstract: In a variety of choice environments, perception is both noisy and coarse. That is, the agent perceives the true ranking of the objects of choice with error; and, in addition, the perceived values can only be discriminated coarsely. Reasons for coarse perception include limitations in sensory perception, memory function, or the communication technology used by expert advisors.

Keywords: Stochastic choice; Imperfect perception (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:202:y:2022:i:c:s0022053122000357

DOI: 10.1016/j.jet.2022.105445

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