Sequentially Rationalizable Choice
By Paola Manzini, Marco Mariotti. 2007
465 citations recorded by the source corpus.
A sequentially rationalizable choice function is a choice function that can be retrieved by applying sequentially to each choice problem the same fixed set of asymmetric binary relations (rationales) to remove inferior alternatives. These concepts translate into economic language some human choice heuristics studied in psychology and explain cyclical patterns of choice observed in experiments. We study some properties of sequential rationalizability and provide a full characterization of choice functions rationalizable by two and three rationales. (JEL D01).
Subfields: Economics and Econometrics, General Decision Sciences, Safety Research
View Paper: https://www.semanticscholar.org/paper/b4994cd606b7726da99f3e604208562decd26645
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- N. Gennaioli
- A. Shleifer
- P. Bordalo
- Marco Mariotti
- Paola Manzini
- Ariel Rubinstein
- Nicholas Barberis
- Kfir Eliaz
In General Decision Sciences
- A. Shleifer
- P. Bordalo
- N. Gennaioli
- Marco Mariotti
- Paola Manzini
- Ariel Rubinstein
- Xavier Gabaix
- Nicholas Barberis
In Safety Research
- A. Shleifer
- P. Bordalo
- N. Gennaioli
- Marco Mariotti
- Paola Manzini
- Ariel Rubinstein
- Xavier Gabaix
- Nicholas Barberis
Citations in the corpus
- Salience Theory of Choice Under Risk (2012, background): “There is a large literature on this topic in marketing and a growing one in decision theory (e.g., Manzini and Mariotti 2007, Masatlioglu, Nakajima and Ozbay 2010), but a consensus model has not yet emerged.”
- CATEGORIZE THEN CHOOSE: BOUNDEDLY RATIONAL CHOICE AND WELFARE (2012, methodology): “The following characterization result follows easily by adapting the argument in the proof of Theorem 1 in [23].”
- Choosing the two finalists (2011, background): “See, Manzini and Mariotti (2006), Manzini and Mariotti (2007), Masatlioglu et al.”
- Revealed Preference, Rational Inattention, and Costly Information Acquisition (2015, unknown): “For example, McCall [1970] considered the case of sequential search; Verrecchia [1982] the choice of variance of a normal signal; and Sims [2003] an unrestricted choice of information structure with costs based on Shannon entropy.”
- (A,f): Choice With Frames (2008, unknown): “In Manzini and Mariotti (2007)'s Rational Shortlist Method, the attention set consists of all elements in A that are not dominated according to a basic binary relation.”
- Choice by Lexicographic Semiorders (2009, unknown): “Sequentially rationalizable choice functions and RSMs are defined in Manzini and Mariotti (2007).”