Showing 1 - 9 of 9
Using the techniques of revealed preference analysis, we study a two-stage model of choice behavior. In the first stage, the decision maker maximizes a menu-dependent binary relation encoding preferences that are imperfectly perceived. In the second, a menu-independent binary relation is...
Persistent link: https://www.econbiz.de/10010472896
Persistent link: https://www.econbiz.de/10003378815
Persistent link: https://www.econbiz.de/10011377109
Persistent link: https://www.econbiz.de/10010207652
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...
Persistent link: https://www.econbiz.de/10011446163
Persistent link: https://www.econbiz.de/10011665416
Persistent link: https://www.econbiz.de/10011631275
Persistent link: https://www.econbiz.de/10012546711
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...
Persistent link: https://www.econbiz.de/10011685068