Choice by Lexicographic Semiorders

By Paola Manzini, Marco Mariotti. Social Science Research Network, 2009

102 citations recorded by the source corpus.

We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data.

Subfields: Economics and Econometrics, General Decision Sciences, Marketing

View Paper: https://www.semanticscholar.org/paper/f7960d7cd3e7f16b8faeeb11a4763be6f9d57fe5