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Choice by Lexicographic Semiorders

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Author Info
Manzini, Paola () (University of St. Andrews)
Mariotti, Marco () (Queen Mary, University of London)

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Abstract

We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4046.

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Length: 26 pages
Date of creation: Feb 2009
Date of revision:
Handle: RePEc:iza:izadps:dp4046

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Related research
Keywords: lexicographic semiorders; bounded rationality; revealed preference; choice;

Find related papers by JEL classification:
D0 - Microeconomics - - General

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This page was last updated on 2009-11-9.

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