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Simple Models for Multiattribute Choice with Many Alternatives: When It Does and Does Not Pay to Face Trade-offs with Binary Attributes

Citations

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Cited by:

  1. Andreas Ortmann & Leonidas Spiliopoulos, 2017. "The beauty of simplicity? (Simple) heuristics and the opportunities yet to be realized," Chapters, in: Morris Altman (ed.), Handbook of Behavioural Economics and Smart Decision-Making, chapter 7, pages 119-136, Edward Elgar Publishing.
  2. Yi-Chun Akchen & Dmitry Mitrofanov, 2023. "Consider or Choose? The Role and Power of Consideration Sets," Papers 2302.04354, arXiv.org, revised Jun 2024.
  3. Matthew S. Wilson, 2018. "Rationality with preference discovery costs," Theory and Decision, Springer, vol. 85(2), pages 233-251, August.
  4. Karaliopoulos, Merkouris & Katsikopoulos, Konstantinos & Lambrinos, Lambros, 2017. "Bounded rationality can make parking search more efficient: The power of lexicographic heuristics," Transportation Research Part B: Methodological, Elsevier, vol. 101(C), pages 28-50.
  5. repec:cup:judgdm:v:16:y:2021:i:6:p:1324-1369 is not listed on IDEAS
  6. Katsikopoulos, Konstantinos V. & Egozcue, Martin & Garcia, Luis Fuentes, 2022. "A simple model for mixing intuition and analysis," European Journal of Operational Research, Elsevier, vol. 303(2), pages 779-789.
  7. Tibor Besedeš & Cary Deck & Sudipta Sarangi & Mikhael Shor, 2012. "Age Effects and Heuristics in Decision Making," The Review of Economics and Statistics, MIT Press, vol. 94(2), pages 580-595, May.
  8. Robin M. Hogarth & Natalia Karelaia, 2006. "Regions of Rationality: Maps for Bounded Agents," Decision Analysis, INFORMS, vol. 3(3), pages 124-144, September.
  9. Jyrki Wallenius & James S. Dyer & Peter C. Fishburn & Ralph E. Steuer & Stanley Zionts & Kalyanmoy Deb, 2008. "Multiple Criteria Decision Making, Multiattribute Utility Theory: Recent Accomplishments and What Lies Ahead," Management Science, INFORMS, vol. 54(7), pages 1336-1349, July.
  10. Cinelli, Marco & Kadziński, Miłosz & Gonzalez, Michael & Słowiński, Roman, 2020. "How to support the application of multiple criteria decision analysis? Let us start with a comprehensive taxonomy," Omega, Elsevier, vol. 96(C).
  11. Katsikopoulos, Konstantinos V. & Durbach, Ian N. & Stewart, Theodor J., 2018. "When should we use simple decision models? A synthesis of various research strands," Omega, Elsevier, vol. 81(C), pages 17-25.
  12. Apesteguia, Jose & Ballester, Miguel A., 2013. "Choice by sequential procedures," Games and Economic Behavior, Elsevier, vol. 77(1), pages 90-99.
  13. Christina Schamp & Mark Heitmann & Robin Katzenstein, 2019. "Consideration of ethical attributes along the consumer decision-making journey," Journal of the Academy of Marketing Science, Springer, vol. 47(2), pages 328-348, March.
  14. Berg, Nathan, 2014. "Success from satisficing and imitation: Entrepreneurs' location choice and implications of heuristics for local economic development," Journal of Business Research, Elsevier, vol. 67(8), pages 1700-1709.
  15. Jean-François Bonnefon & Didier Dubois & Hélène Fargier & Sylvie Leblois, 2008. "Qualitative Heuristics For Balancing the Pros and Cons," Theory and Decision, Springer, vol. 65(1), pages 71-95, August.
  16. Konstantinos V. Katsikopoulos, 2011. "Psychological Heuristics for Making Inferences: Definition, Performance, and the Emerging Theory and Practice," Decision Analysis, INFORMS, vol. 8(1), pages 10-29, March.
  17. David Leiser & Dov-Ron Schatzberg, 2008. "On the complexity of traffic judges' decisions," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3(8), pages 667-678, December.
  18. Durbach, Ian N., 2009. "The use of the SMAA acceptability index in descriptive decision analysis," European Journal of Operational Research, Elsevier, vol. 196(3), pages 1229-1237, August.
  19. Katsikopoulos, Konstantinos V., 2016. "On the role of psychological heuristics in operational research; and a demonstration in military stability operationsAuthor-Name: Keller, Niklas," European Journal of Operational Research, Elsevier, vol. 249(3), pages 1063-1073.
  20. Berg, Nathan & Biele, Guido & Gigerenzer, Gerd, 2010. "Does consistency predict accuracy of beliefs?: Economists surveyed about PSA," MPRA Paper 26590, University Library of Munich, Germany.
  21. Konstantinos Katsikopoulos & Gerd Gigerenzer, 2008. "One-reason decision-making: Modeling violations of expected utility theory," Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 35-56, August.
  22. Felipe A. Csaszar & J. P. Eggers, 2013. "Organizational Decision Making: An Information Aggregation View," Management Science, INFORMS, vol. 59(10), pages 2257-2277, October.
  23. Hauser, John R., 2014. "Consideration-set heuristics," Journal of Business Research, Elsevier, vol. 67(8), pages 1688-1699.
  24. Rakesh K. Sarin, 2013. "From the Editor ---Median Aggregation, Scoring Rules, Expert Forecasts, Choices with Binary Attributes, Portfolio with Dependent Projects, and Information Security," Decision Analysis, INFORMS, vol. 10(4), pages 277-278, December.
  25. Flores-Szwagrzak, Karol, 2022. "Learning by Convex Combination," Working Papers 16-2022, Copenhagen Business School, Department of Economics.
  26. Manel Baucells & Juan A. Carrasco & Robin M. Hogarth, 2008. "Cumulative Dominance and Heuristic Performance in Binary Multiattribute Choice," Operations Research, INFORMS, vol. 56(5), pages 1289-1304, October.
  27. Manuel Tarrazo, 2024. "The Number of Stocks Before (n) and After Portfolio Optimization (k): The Heuristic k ≈ sqrt(n)," Accounting and Finance Research, Sciedu Press, vol. 13(2), pages 1-32, May.
  28. Pande, Shashwat M. & Papamichail, K. Nadia & Kawalek, Peter, 2021. "Compatibility effects in the prescriptive application of psychological heuristics: Inhibition, Integration and Selection," European Journal of Operational Research, Elsevier, vol. 295(3), pages 982-995.
  29. Pantelis P. Analytis & Amit Kothiyal & Konstantinos Katsikopoulos, 2014. "Multi-attribute utility models as cognitive search engines," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 9(5), pages 403-419, September.
  30. M. Hosein Zare & Oleg A. Prokopyev & Denis Sauré, 2020. "On Bilevel Optimization with Inexact Follower," Decision Analysis, INFORMS, vol. 17(1), pages 74-95, March.
  31. repec:cup:judgdm:v:3:y:2008:i:8:p:667-678 is not listed on IDEAS
  32. Konstantinos V. Katsikopoulos, 2013. "Why Do Simple Heuristics Perform Well in Choices with Binary Attributes?," Decision Analysis, INFORMS, vol. 10(4), pages 327-340, December.
  33. Beccacece, F. & Borgonovo, E., 2011. "Functional ANOVA, ultramodularity and monotonicity: Applications in multiattribute utility theory," European Journal of Operational Research, Elsevier, vol. 210(2), pages 326-335, April.
  34. Torsten Reimer & Ulrich Hoffrage, 2006. "The Ecological Rationality of Simple Group Heuristics: Effects of Group Member Strategies on Decision Accuracy," Theory and Decision, Springer, vol. 60(4), pages 403-438, June.
  35. Robin Hogarth & Natalia Karelaia, 2006. "On heuristic and linear models of judgment: Mapping the demand for knowledge," Economics Working Papers 974, Department of Economics and Business, Universitat Pompeu Fabra.
  36. Sudeep Bhatia & Graham Loomes & Daniel Read, 2021. "Establishing the laws of preferential choice behavior," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 16(6), pages 1324-1369, November.
  37. repec:cup:judgdm:v:9:y:2014:i:5:p:403-419 is not listed on IDEAS
  38. C. Troise & D. Matricano & E. Candelo & L. Schjoedt, 2022. "A ten-year cross-national examination of the dance between intuition and rationality in entrepreneurial processes," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 663-692, June.
  39. Bremer, Lucas & Heitmann, Mark & Schreiner, Thomas F., 2017. "When and how to infer heuristic consideration set rules of consumers," International Journal of Research in Marketing, Elsevier, vol. 34(2), pages 516-535.
  40. Clintin Davis-Stober, 2011. "A Geometric Analysis of When Fixed Weighting Schemes Will Outperform Ordinary Least Squares," Psychometrika, Springer;The Psychometric Society, vol. 76(4), pages 650-669, October.
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