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    Satisficing behavior with a secondary criterion 
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    Satisficing behavior with a secondary criterion

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    Accepted version (358.1Kb)
    Volume
    44
    Pagination
    639 - 661
    DOI
    10.1007/s00355-014-0850-7
    Journal
    Social Choice and Welfare
    Issue
    3
    ISSN
    0176-1714
    Metadata
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    Abstract
    Using the techniques of revealed preference analysis, we study a two-stage model of choice behavior. In the first stage, the decision maker maximizes a menu-dependent binary relation encoding preferences that are imperfectly perceived. In the second, a menu-independent binary relation is maximized over the subset of alternatives that survive the first stage. This structure can support various interpretations, including those of salience effects, positive action, and surface characteristics. We characterize the model behaviorally both in ordinal form and in terms of the corresponding numerical representations.
    Authors
    TYSON, CJ
    URI
    http://qmro.qmul.ac.uk/xmlui/handle/123456789/7340
    Collections
    • Economics and Finance [210]
    Licence information
    This is a post-peer-review, pre-copyedit version of an article published in Social Choice and Welfare. The final authenticated version is available online at: http://dx.doi.org/10.1007/s00355-014-0850-7.
    Copyright statements
    © Springer-Verlag Berlin Heidelberg 2014
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