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/10023/2595
This item has been viewed 22 times in the last year. View Statistics

Files in This Item:

File Description SizeFormat
SCPs.pdf217.8 kBAdobe PDFView/Open
Title: Satisficing choice procedures
Authors: Papi, Mauro
Keywords: Bounded rationality
Consideration set
Revealed preference
Satisficing
Search
HB Economic Theory
Issue Date: Sep-2012
Citation: Papi , M 2012 , ' Satisficing choice procedures ' Journal of Economic Behavior and Organization , vol 84 , no. 1 , pp. 451-462 .
Abstract: Standard choice theory assumes that the budget set is known to the decision-maker in advance. In contrast, we develop a model in which alternatives are examined sequentially and decision-makers exhibit `satisficing' attitudes. We axiomatically characterize our model and investigate behavioral definitions of satisfaction, attention, and preference under various choice domains. Moreover, we relate our framework to several well-known existing models.
Version: Postprint
Description: "Financial support from the Scottish Institute for Economic Research is gratefully acknowledged."
Status: Peer reviewed
URI: http://hdl.handle.net/10023/2595
DOI: http://dx.doi.org/10.1016/j.jebo.2012.04.017
ISSN: 0167-2681
Type: Journal article
Rights: This is an author version of this article. The published version (c) 2012 Elsevier B.V. is available from http://www.sciencedirect.com
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)