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T-Space at The University of Toronto Libraries >
Theoretical Economics >
Volume 1, Number 1 (March 2006) >

Please use this identifier to cite or link to this item: http://hdl.handle.net/1807/4780

Title: A model of choice from lists
Authors: Rubinstein, Ariel; Tel Aviv University and New York University
Salant, Yuval; Stanford University
Keywords: Choice from lists, rational choice, partition independence, weak axiom of revealed preference, satisficing
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Issue Date: 2-Mar-2006
Publisher: Theoretical Economics
Citation: Theoretical Economics; Vol 1, No 1 (2006), pages 3-17
Abstract: [This item is a preserved copy. To view the original, visit http://econtheory.org/] The standard economic choice model assumes that the decision maker chooses from <i>sets</i> of alternatives. In contrast, we analyze a choice model in which the decision maker encounters the alternatives in the form of a <i>list</i>. We present two axioms similar in nature to the classical axioms of choice from sets. We show that they characterize all the choice functions from lists that involve the choice of either the first or the last optimal alternative in the list according to some preference relation. We then relate choice functions from lists to the classical notions of choice correspondences and random choice functions.
URI: http://hdl.handle.net/1807/4780
Other Identifiers: http://econtheory.org/ojs/index.php/te/article/view/20060003
Rights: Authors who publish in <i>Theoretical Economics</i> will release their articles under the <a href="http://creativecommons.org/licenses/by-nc/2.5/">Creative Commons Attribution-NonCommercial license</a>. This license allows anyone to copy and distribute the article for non-commercial purposes provided that appropriate attribution is given.
Appears in Collections:Volume 1, Number 1 (March 2006)

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