Partial knowledge restrictions on the two-stage threshold model of choice

Paola Manzini, Marco Mariotti and Christopher Tyson

Journal of Mathematical Economics, 2016, vol. 64, issue C, 41-47

Abstract: In the context of the two-stage threshold model of decision making, with the agent’s choices determined by the interaction of three “structural variables,” we study the restrictions on behavior that arise when one or more variables are exogenously known. Our results supply necessary and sufficient conditions for consistency with the model for all possible states of partial knowledge, and for both single- and multi-valued choice functions.

Keywords: Choice theory; Bounded rationality (search for similar items in EconPapers)
Date: 2016
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Related works:
Working Paper: Partial Knowledge Restrictions on the Two-Stage Threshold Model of Choice (2016)
Working Paper: Partial Knowledge Restrictions on theTwo-Stage Threshold Model of Choice (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:64:y:2016:i:c:p:41-47

DOI: 10.1016/j.jmateco.2016.03.003

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