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Manzini2012TheoreticalEconomics7_1Lexicographic.pdf254.88 kBAdobe PDFView/Open
Title: Choice by lexicographic semiorders
Authors: Manzini, Paola
Mariotti, Marco
Keywords: Lexicographic semiorders
Bounded rationality
Revealed preference
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 . , 10.3982/TE679
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
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
Appears in Collections:University of St Andrews Research
Economics & Finance Research

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