Recall Searching with and without Recall

Daniela Di Cagno, Tibor Neugebauer, Carlos Rodriguez-Palmero () and Abdolkarim Sadrieh ()
Additional contact information
Carlos Rodriguez-Palmero: Department of Applied Economics, University of Valladolid, Spain

No 2014/14, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

Abstract: We revisit the sequential search problem by Hey (1987). In a 2x2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey (1987). Our results provide clear evidence for Hey’s (1987) conjecture that recall negatively affects performance in sequential search. With experience, however, search behaviour with and without recall converges towards the optimal reservation rule. We further find that the utilization of reservation optimal rules are independent from the stochastic nature of the search cost.

Keywords: Experiments; Search; Stopping rule; Recall Effect (search for similar items in EconPapers)
JEL-codes: C90 D53 D92 G02 G11 G12 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Recall searching with and without recall (2014)
Working Paper: Recall Searching with and without Recall (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2014/14

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