A simple model of two-stage choice

Sean Horan

Journal of Economic Theory, 2016, vol. 162, issue C, 372-406

Abstract: I provide choice-theoretic foundations for a simple two-stage model, called transitive shortlist methods, where choices are made by sequentially by applying a pair of transitive preferences (or rationales) to eliminate inferior alternatives. Despite its simplicity, the model accommodates a wide range of choice phenomena including the status quo bias, framing, homophily, compromise, and limited willpower.

Keywords: Shortlisting; Axiomatization; Revealed preference; Identification (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (25)

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Related works:
Working Paper: A simple model of two-stage choice (2016)
Working Paper: A Simple Model of Two-Stage Choice (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:162:y:2016:i:c:p:372-406

DOI: 10.1016/j.jet.2016.01.002

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