Random consideration and choice: A case study of “default” options

Sean Horan

Mathematical Social Sciences, 2019, vol. 102, issue C, 73-84

Abstract: A growing number of stochastic choice models include a “default” option for situations where the decision maker selects none of the feasible alternatives. While this is a welcome development, these models also present an empirical challenge—since it may be difficult to observe situations where the decision-maker chooses nothing. Taking Manzini and Mariotti’s (2014) independent random consideration model as a point of departure, I investigate what can be learned about models of choice with default when the no-choice behavior of the decision-maker is unobservable.

Keywords: Random consideration; Random utility; Default; No-choice (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

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Working Paper: Random consideration and choice: A case study of "default" options (2018)
Working Paper: Random Consideration and Choice: A Case Study of "Default" Options (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:102:y:2019:i:c:p:73-84

DOI: 10.1016/j.mathsocsci.2019.09.006

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