Two-stage threshold representations

Paola Manzini*, Marco Mariotti, Christopher Tyson

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    13 Citations (Scopus)
    3 Downloads (Pure)

    Abstract

    We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold, and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models that have various interpretations and impose various additional restrictions on behavior. We show that the general class of procedures is characterized by acyclicity of the revealed "first-stage separation relation."
    Original languageEnglish
    Pages (from-to)875–882
    Number of pages8
    JournalTheoretical Economics
    Volume8
    Issue number3
    Early online date1 May 2013
    DOIs
    Publication statusPublished - Sept 2013

    Keywords

    • Attention
    • Choice function
    • Revealed preference
    • Satisficing

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