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Choice by lexicographic semiorders

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posted on 2023-06-09, 08:41 authored by Paola Manzini, Marco Mariotti
In Tversky's (1969) model of a lexicographic semiorder, a preference is generated via the sequential application of numerical criteria by declaring an alternative x better than an alternative y if the first criterion that distinguishes between x and y ranks x higher than y by an amount exceeding a fixed threshold. We generalize this idea to a fully fledged model of boundedly rational choice. We explore the connection with sequential rationalizability of choice (Apesteguia and Ballester 2010, Manzini and Mariotti 2007) and we provide axiomatic characterizations of both models in terms of observable choice data.

History

Publication status

  • Published

File Version

  • Published version

Journal

Theoretical Economics

ISSN

1933-6837

Publisher

Econometric Society

Issue

1

Volume

7

Page range

1-23

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2017-11-07

First Open Access (FOA) Date

2017-11-07

First Compliant Deposit (FCD) Date

2017-11-07

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