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Persistent link: https://www.econbiz.de/10011793409
I introduce a simple model of memory load in multiple attribute search and prove which types of search behavior require the least amount of memory load. The model is easily implementable and tracks choice error rates in the lab. The results on minimum memory load search can be used to explain a...
Persistent link: https://www.econbiz.de/10014143158
Multiple attribute search is a central feature of economic life: we consider much more than price when purchasing a home, and more than wage when choosing a job. Nevertheless, while single attribute search problems have been studied extensively, little is known about optimal search in multiple...
Persistent link: https://www.econbiz.de/10012973045