Categorical consideration and perception complementarity
Edward Honda ()
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Edward Honda: Washington University in St. Louis
Economic Theory, 2021, vol. 71, issue 2, No 11, 693-716
Abstract We introduce the notion of perception complementarity in a representation for random choice rules, which we call Complemented Perception Categorical Consideration Representation. The model is similar in nature to the perception-adjusted Luce model of Echenique et al. (Math Soc Sci 93:67–76, 2018), but allows perception to be menu-dependent. We provide a representation theorem and an identification result. Furthermore, we consider special cases of the model, including the case when it reduces down to the Random Consideration Set Rule of Manzini and Mariotti (Econometrica 82(3):1153–1176, 2014).
Keywords: Perception; Random choice; Representation theorem; Category (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
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