Search and Satisficing

By Andrew Caplin, Mark Dean, Daniel Martin. 2011

313 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Marketing

View Paper: https://www.semanticscholar.org/paper/c0a1cf1d31ed031c661a6e8d821f07137d72ef13

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Citations in the corpus

Rational Inattention, Optimal Consideration Sets, and Stochastic Choice (2018, methodology): “3See for example Ching et al. [2009], Eliaz and Spiegler [2011], Caplin et al.”
Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy (2017, unknown): “Caplin et al. [2011]). Other approaches include costly purchase of normal signals (Verrecchia [1982], Llosa and Venkateswaran [2012] and Colombo et al.”
Visual Attention and Attribute Attendance in Multi-Attribute Choice Experiments (2015, background): “More recently, Caplin et al. (2011) suggest that eye-tracking could be used in combination with choice process experiments to better understand how economic agents undertake search activities.”
A Behavioral New Keynesian Model (2020, unknown): “(2013)), and noisy signals (Sims (2003), Maćkowiak and Wiederholt (2015), Caplin et al. (2017), Hébert and Woodford (2018)).(3) The modeling style and microfoundations of the present paper use the “sparsity” approach developed progressively since Gabaix (2014), because it seems to capture a good dea”
Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study (2011, methodology): “normal-form games (see also Costa-Gomes and Crawford 2006). Xavier Gabaix et al. (2006) used MouseLab to investigate the pattern of information acquisition used in complex multiattribute and multialternative choice.”
Recreational angler satisfaction: What drives it? (2021, background): “Meaning that individuals will choose an experience that meets or exceeds specified criteria, rather than searching all the options and choosing the best one (Caplin et al., 2011; Simon, 1955).”
Revealed Preference, Rational Inattention, and Costly Information Acquisition (2015, unknown): “Matejka and McKay [2011] study the implications of rational inattention with Shannon entropy costs for state dependent stochastic choice data, while Ellis [2012] uses deterministic state dependent choice to study a model in which a decision maker has a fixed set of information partitions to choose f”
Naive play and the process of choice in guessing games (2015, unknown): “[9] Caplin, Andrew, Dean, Mark, and Daniel Martin.”