A Random Attention and Utility Model

Nail Kashaev and Victor Aguiar

No 20223, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

Abstract: We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by Cattaneo et al. (2020) and a stability condition on the marginal distribution of preferences. Our framework is amenable to statistical testing. These new restrictions extend widely known parametric models of consideration with heterogeneous preferences.

Keywords: Random Utility; Random Consideration Sets (search for similar items in EconPapers)
JEL-codes: C50 C51 C52 C91 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-dcm, nep-dem and nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1845&context=economicsresrpt (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: A random attention and utility model (2022)
Working Paper: A Random Attention and Utility Model (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwo:uwowop:20223

Ordering information: This working paper can be ordered from
https://economics.uw ... itting_ordering.html
The price is Paper copy available by mail at a cost of $10.00 Canadian each.

Access Statistics for this paper

More papers in University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics Department of Economics, Social Science Centre, University of Western Ontario, London, Ontario, Canada N6A 5C2.
Bibliographic data for series maintained by ().