Standard choice theory assumes that the choice set is known to the decision-maker in advance. In contrast, we develop a model in which alternatives are examined sequentially and decision-makers exhibit `satis cing' attitudes. The proposed procedure includes the standard model of choice as a...

A decision-maker (DM) starts life as totally indecisive, and with time learns to order more pairs of alternatives, until their preferences become complete. On the basis of three well-documented behavioural regularities, we provide an axiomatisation of the evolution the DM’s preferences that...