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Choice by Lexicographic Semiorders

Paola Manzini and Marco Mariotti

No 4046, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data.

Keywords: revealed preference; lexicographic semiorders; bounded rationality; choice (search for similar items in EconPapers)
JEL-codes: D0 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2009-02
New Economics Papers: this item is included in nep-cbe and nep-dcm
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published - published in: Theoretical Economics, 2012, 7 (1), 1-23.

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