We propose a boundedly rational model of choice where agents categorize alternatives before choosing. The model explains some behavioral anomalies, and it is fully characterized by a property of choice data: a categorizer can never exhibit certain patterns of “revealed preference reversals”. This model offers clues on the problem of making welfare judgements in the presence of boundedly rational agents
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
I propose modelling boundedly rational agents as agents who are not logically omniscient-that is, wh...
We propose a boundedly rational model of choice where agents categorize alternatives before choosing...
We propose a boundedly rational model of choice where agents cate-gorize alternatives before choosin...
In this paper, we examine the problems facing a policy maker who observes inconsistent choices made ...
Mariotti gratefully acknowledges financial support through a Leverhulme Fellowship. Both authors ack...
Recently, the positive theory of rational choice has come under attack from experimental psychologis...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Jacobson, and participants at the MIT Industrial Organization and Theory lunches and workshops for t...
If decision-makers (DMs) do not always do what is in their best interest, what do choices reveal abo...
A number of different models with behavioral economics have a reduced form representation where pote...
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
I propose modelling boundedly rational agents as agents who are not logically omniscient-that is, wh...
We propose a boundedly rational model of choice where agents categorize alternatives before choosing...
We propose a boundedly rational model of choice where agents cate-gorize alternatives before choosin...
In this paper, we examine the problems facing a policy maker who observes inconsistent choices made ...
Mariotti gratefully acknowledges financial support through a Leverhulme Fellowship. Both authors ack...
Recently, the positive theory of rational choice has come under attack from experimental psychologis...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Standard rational choice relies on the assumption that a decision maker is certain about her prefere...
Jacobson, and participants at the MIT Industrial Organization and Theory lunches and workshops for t...
If decision-makers (DMs) do not always do what is in their best interest, what do choices reveal abo...
A number of different models with behavioral economics have a reduced form representation where pote...
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
In economic theory, an agent chooses from available alternatives—modeled as a set. In decisions in t...
I propose modelling boundedly rational agents as agents who are not logically omniscient-that is, wh...
DOI
Add to ORKG