Files in this item
Inferring cognitive heterogeneity from aggregate choices
Item metadata
dc.contributor.author | Dardanoni, Valentino | |
dc.contributor.author | Manzini, Paola | |
dc.contributor.author | Mariotti, Marco | |
dc.contributor.author | Tyson, Christopher J. | |
dc.date.accessioned | 2017-02-23T10:30:15Z | |
dc.date.available | 2017-02-23T10:30:15Z | |
dc.date.issued | 2017-05-25 | |
dc.identifier.citation | Dardanoni , V , Manzini , P , Mariotti , M & Tyson , C J 2017 ' Inferring cognitive heterogeneity from aggregate choices ' School of Economics and Finance Discussion Paper , no. 1701 , University of St Andrews , St Andrews . | en |
dc.identifier.issn | 0962-4031 | |
dc.identifier.other | PURE: 249174521 | |
dc.identifier.other | PURE UUID: 542f2eb4-2216-4252-af4d-ec2b18df93a8 | |
dc.identifier.uri | https://hdl.handle.net/10023/10338 | |
dc.description | Manzini and Mariotti thank the ESRC for the financial support provided under grant ES/J012513/1. | en |
dc.description.abstract | We study the problem of recovering the distribution of cognitive characteristics in a population of boundedly rational agents from the aggregate choices they make from a fixed menu of alternatives. Two models of limited attention are examined from this point of view, and it is shown that both “consideration probability” and “consideration capacity” distributions are substantially identified by aggregate choice shares. These models are applied to data on over-the-counter painkiller sales, yielding concurrent estimates that on average two or three out of the eight available products are considered in this market. | |
dc.format.extent | 29 | |
dc.language.iso | eng | |
dc.publisher | University of St Andrews | |
dc.relation.ispartofseries | School of Economics and Finance Discussion Paper | en |
dc.rights | Copyright (c) 2017, the authors | en |
dc.subject | Attention | en |
dc.subject | Bounded rationality | en |
dc.subject | Revealed preference | en |
dc.subject | Stochastic choice | en |
dc.subject | BF Psychology | en |
dc.subject | H Social Sciences | en |
dc.subject | HB Economic Theory | en |
dc.subject | BDC | en |
dc.subject | R2C | en |
dc.subject | ~DC~ | en |
dc.subject.lcc | BF | en |
dc.subject.lcc | H | en |
dc.subject.lcc | HB | en |
dc.title | Inferring cognitive heterogeneity from aggregate choices | en |
dc.type | Working or discussion paper | en |
dc.contributor.sponsor | Economic & Social Research Council | en |
dc.description.version | Publisher PDF | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.url | https://ideas.repec.org/p/san/wpecon/1701.html | en |
dc.identifier.grantnumber | ES/J012513/1 | en |
This item appears in the following Collection(s)
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.