Two-stage threshold representations

Paola Manzini*, Marco Mariotti, Christopher J. Tyson

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

10 Citations (Scopus)

Abstract

We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models that have various interpretations and impose various additional restrictions on behavior. We show that the general class of procedures is characterized by acyclicity of the revealed "first-stage separation relation."

Original languageEnglish
Pages (from-to)875-882
Number of pages8
JournalTheoretical Economics
Volume8
Issue number3
DOIs
Publication statusPublished - Sep 2013

Bibliographical note

Copyright:
Copyright 2013 Elsevier B.V., All rights reserved.

Keywords

  • Attention
  • Choice function
  • D01
  • D03
  • D70
  • Revealed preference
  • Satisficing

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