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dc.contributor.authorManzini, Paola
dc.contributor.authorMariotti, Marco
dc.date.accessioned2013-10-23T10:11:19Z
dc.date.available2013-10-23T10:11:19Z
dc.date.issued2013
dc.identifier.urihttp://hdl.handle.net/10943/463
dc.description.abstractWe model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives. We show that this random choice rule is the only one for which the impact of removing an alternative on the choice probability of any other alternative is asymmetric and menu independent. Both the preference relation and the attention parameters are identi fied uniquely by stochastic choice data.en
dc.publisherUniversity of St Andrewsen
dc.relation.ispartofseriesSIRE DISCUSSION PAPER;SIRE-DP-2013-28
dc.subjectDiscrete choiceen
dc.subjectRandom utilityen
dc.subjectLogit modelen
dc.subjectLuce modelen
dc.subjectConsideration setsen
dc.subjectbounded rationalityen
dc.subjectrevealed preferencesen
dc.titleStochastic Choice and Consideration Setsen
dc.typeWorking Paperen


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