‘Divide-and-choose’ in list-based decision problems

Dinko Dimitrov, Saptarshi Mukherjee () and Nozomu Muto ()
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Saptarshi Mukherjee: Indian Institute of Technology
Nozomu Muto: Yokohama National University

Theory and Decision, 2016, vol. 81, issue 1, No 2, 17-31

Abstract: Abstract When encountering a set of alternatives displayed in the form of a list, the decision maker usually determines a particular alternative, after which she stops checking the remaining ones, and chooses an alternative from those observed so far. We present a framework in which both decision problems are explicitly modeled, and axiomatically characterize a ‘divide-and-choose’ rule which unifies successive choice and satisficing choice.

Keywords: Choice function; List; Satisficing choice; Stopping decision; Successive choice (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s11238-015-9522-z

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