Research@StAndrews
 
The University of St Andrews

Research@StAndrews:FullText >
University of St Andrews Research >
University of St Andrews Research >
University of St Andrews Research >

Please use this identifier to cite or link to this item: http://hdl.handle.net/10023/2413
This item has been viewed 17 times in the last year. View Statistics

Files in This Item:

File Description SizeFormat
Manzini2012TheoreticalEconomics7_1Lexicographic.pdf254.88 kBAdobe PDFView/Open
Title: Choice by lexicographic semiorders
Authors: Manzini, Paola
Mariotti, Marco
Keywords: Lexicographic semiorders
Bounded rationality
Revealed preference
Choice
HB Economic Theory
Issue Date: Jan-2012
Citation: Manzini , P & Mariotti , M 2012 , ' Choice by lexicographic semiorders ' Theoretical Economics , vol 7 , no. 1 , pp. 1-23 .
Abstract: In Tversky’s (1969) model of a lexicographic semiorder, a preference is generated via the sequential application of numerical criteria by declaring an alternative x better than an alternative y if the first criterion that distinguishes between x and y ranks x higher than y by an amount exceeding a fixed threshold. We generalize this idea to a fully fledged model of boundedly rational choice. We explore the connection with sequential rationalizability of choice (Apesteguia and Ballester 2010, Manzini and Mariotti 2007) and we provide axiomatic characterizations of both models in terms of observable choice data.
Version: Publisher PDF
Status: Peer reviewed
URI: http://hdl.handle.net/10023/2413
http://econtheory.org/ojs/index.php/te/article/view/20120001
DOI: http://dx.doi.org/10.3982/TE679
ISSN: 1933-6837
Type: Journal article
Rights: Copyright © 2012 Paola Manzini and Marco Mariotti. Licensed under the Creative Commons Attribution-NonCommercial License 3.0. Available at http://econtheory.org
Appears in Collections:University of St Andrews Research
Economics & Finance Research



This item is protected by original copyright

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

DSpace Software Copyright © 2002-2012  Duraspace - Feedback
For help contact: Digital-Repository@st-andrews.ac.uk | Copyright for this page belongs to St Andrews University Library | Terms and Conditions (Cookies)