Rational Shortlist Method with refined rationales

Hassan Nosratabadi

Mathematical Social Sciences, 2024, vol. 127, issue C, 12-18

Abstract: We study a shortlisting model of choice where a decision-maker first applies her inherent rationale and then follows with a sequence of refined rationales that are triggered by inferior alternatives in a menu. Our decision-maker exhausts all the possible paths of sequential filtering. This model captures choice anomalies in multi-attribute choice space where shortlisting seems to be a natural heuristic, and where existing literature comes short.

Keywords: Rational Shortlist Method; WARP violations; Refined rationales (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:127:y:2024:i:c:p:12-18

DOI: 10.1016/j.mathsocsci.2023.10.003

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