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Limited attention and models of choice: A behavioral equivalence

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  • Davide Carpentiere
  • Angelo Petralia

Abstract

We show that many models of choice can be alternatively represented as special cases of choice with limited attention (Masatlioglu, Nakajima, and Ozbay, 2012), and the properties of the unobserved attention filters that explain the observed choices are singled out. Moreover, for each specification, we infer information about the DM's attention and preference from irrational features of choice data.

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  • Davide Carpentiere & Angelo Petralia, 2025. "Limited attention and models of choice: A behavioral equivalence," Papers 2502.14879, arXiv.org.
    • Handle: RePEc:arx:papers:2502.14879
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    References listed on IDEAS

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