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Article
Two-stage Threshold Representations
Theoretical Economics (2013)
  • Paola Manzini, University of St Andrews
  • Marco Mariotti
  • Christopher J. Tyson
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 interpre- tations 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.” 
Keywords
  • Attention,
  • choice function,
  • revealed preference,
  • satisficing.
Publication Date
2013
DOI
10.3982/TE1048
Citation Information
Paola Manzini, Marco Mariotti and Christopher J. Tyson. "Two-stage Threshold Representations" Theoretical Economics Vol. 8 Iss. 3 (2013) p. 875 - 882
Available at: http://works.bepress.com/paola-manzini/2/
Creative Commons license
Creative Commons License
This work is licensed under a Creative Commons CC_BY-NC-ND International License.