Artikel

Two-stage threshold representations

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."

Language
Englisch

Bibliographic citation
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 8 ; Year: 2013 ; Issue: 3 ; Pages: 875-882 ; New Haven, CT: The Econometric Society

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Analysis of Collective Decision-Making: General
Subject
Attention
choice function
revealed preference
satisficing

Event
Geistige Schöpfung
(who)
Manzini, Paola
Tyson, Christopher J.
Mariotti, Marco
Event
Veröffentlichung
(who)
The Econometric Society
(where)
New Haven, CT
(when)
2013

DOI
doi:10.3982/TE1048
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Manzini, Paola
  • Tyson, Christopher J.
  • Mariotti, Marco
  • The Econometric Society

Time of origin

  • 2013

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