منابع مشابه
Rationalizing Choice Functions by Multiple Rationales
Imagine that you receive information on the choices made by a decision maker (DM) from all subsets of some set X. You know nothing about the context of these choices. You look for an explanation for the DM’s behavior. You would probably look first for a single rationale explaining the behavior. Specifically, you would seek a rationalizing ordering—that is, a linear ordering on X, such that for ...
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This paper studies a class of multi-self decision-making models proposed in economics, psychology, and marketing. In this class, choices arise from the set-dependent aggregation of a collection of utility functions, where the aggregation procedure satisfies some simple properties. We propose a method for characterizing the extent of irrationality in a choice behavior, and use this measure to pr...
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Optimize the given index Select an available alternative that is at least as good as every other available alternative with respect to the given index. Optimization Select an available alternative that is at least as good as every other available alternative with respect to the given binary relation. Only the ordinal properties of the indices in the previous slide were relevant for optimization...
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This paper shows that in situations in which the preferences of multiple selves are aggregated into a collective decision, even if the researcher has a fully specified theory of how preferences get aggregated, there are typically no testable implications of the theory unless there is an a priori restriction on the number of selves. This result has implications in both interpersonal and intraper...
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Rationalizing Boundedly Rational Choice: Sequential Rationalizability and Rational Shortlist Methods A sequentially rationalizable choice function is a choice function which can be obtained by applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two rationales. These concepts ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2388929