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Partially dominant choice

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dc.contributor.authorGerasimou, Georgios
dc.date.accessioned2016-03-17T00:01:09Z
dc.date.available2016-03-17T00:01:09Z
dc.date.issued2016-01
dc.identifier.citationGerasimou , G 2016 , ' Partially dominant choice ' , Economic Theory , vol. 61 , no. 1 , pp. 127-145 . https://doi.org/10.1007/s00199-015-0869-8en
dc.identifier.issn0938-2259
dc.identifier.otherPURE: 170507044
dc.identifier.otherPURE UUID: 28130b16-fe8c-45d0-a598-55831226636d
dc.identifier.otherScopus: 84955203909
dc.identifier.otherORCID: /0000-0003-3712-3154/work/59698749
dc.identifier.otherWOS: 000373304900005
dc.identifier.urihttps://hdl.handle.net/10023/8427
dc.description.abstractThis paper proposes and analyzes a model of context-dependent choice with stable but incomplete preferences that is based on the idea of partial dominance: An alternative is chosen from a menu if it is not worse than anything in the menu and is also better than something else. This choice procedure provides a simple explanation of the attraction/decoy effect. It reduces to rational choice when preferences are complete in two ways that are made precise. Some preference identification and choice consistency properties associated with this model are analyzed, and certain ways in which its predictions differ from those of other recently proposed models of the attraction effect are also discussed.
dc.language.isoeng
dc.relation.ispartofEconomic Theoryen
dc.rights(c) Copyright Springer-Verlag Berlin Heidelberg 2015. This is the author's final accepted manuscript of this article. The final publication is available at Springer via http://link.springer.com/article/10.1007/s00199-015-0869-8en
dc.subjectIncomplete preferencesen
dc.subjectPartial dominanceen
dc.subjectAttraction/decoy effecten
dc.subjectRational choiceen
dc.subjectContext dependenceen
dc.subjectHB Economic Theoryen
dc.subjectBDCen
dc.subjectR2Cen
dc.subject.lccHBen
dc.titlePartially dominant choiceen
dc.typeJournal articleen
dc.description.versionPostprinten
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen
dc.identifier.doihttps://doi.org/10.1007/s00199-015-0869-8
dc.description.statusPeer revieweden
dc.date.embargoedUntil2016-03-17


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