Partial knowledge restrictions on the two-stage threshold model of choice
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In the context of the two-stage threshold model of decision making, with the agent's choices determined by the interaction of three "structural variables," we study the restrictions on behavior that arise when one or more variables are exogenously known. Our results supply necessary and sufficient conditions for consistency with the model for all possible states of partial knowledge, and for both single- and multi- valued choice functions.
Manzini , P , Mariotti , M & Tyson , C J 2016 , ' Partial knowledge restrictions on the two-stage threshold model of choice ' Journal of Mathematical Economics , vol In Press . DOI: 10.1016/j.jmateco.2016.03.003
Journal of Mathematical Economics
Copyright © 2016 Elsevier B.V. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://dx.doi.org/10.1016/j.jmateco.2016.03.003
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