List-based decision problems

Dinko Dimitrov, Saptarshi Mukherjee () and Nozomu Muto ()

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

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 axiomati- cally characterize a stop-and-choose rule which unifies position-biased successive choice and satisficing choice.

Keywords: choice function; list; satisficing choice; stopping decision; successive choice (search for similar items in EconPapers)
JEL-codes: D00 D11 D83 (search for similar items in EconPapers)
Pages: 13
Date: 2013-03-06
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Citations: View citations in EconPapers (1)

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Working Paper: List-based decision problems (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:927.13

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