CATEGORIZE THEN CHOOSE: BOUNDEDLY RATIONAL CHOICE AND WELFARE

作者:Manzini Paola*; Mariotti Marco
来源:Journal of the European Economic Association, 2012, 10(5): 1141-1165.
DOI:10.1111/j.1542-4774.2012.01078.x

摘要

We propose a boundedly rational model of choice where agents categorize alternatives before choosing. The model explains some behavioral anomalies, and it is fully characterized by a property of choice data: a categorizer can never exhibit certain patterns of revealed preference reversals. This model offers clues on the problem of making welfare judgements in the presence of boundedly rational agents.

  • 出版日期2012-10