Ordinal relative satisficing behavior : theory and experiments
Barberà, Salvador 1946- (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)
Neme, Alejandro José (Barcelona Graduate School of Mathematics (BGSMath))

Publicación:	Barcelona : Barcelona GSE Working Papers Series, 2016
Resumen:	We propose a notion of r-rationality, a relative version of satisficing behavior based on the idea that, for any set of available alternatives, individuals choose one of their r-best according to a single preference. We fully characterize the choice functions satisfying the condition for any r, and provide an algorithm to compute the maximal degree of r-rationality associated with any given choice function. The notion is extended to individuals whose r may vary with the set of available alternatives. We provide experimental evidence that the predictive power of our theory, measured by Seltenís index, improves upon that of alternative ones.
Ayudas:	Ministerio de Economía y Competitividad SEV-2015-0563 Ministerio de Economía y Competitividad ECO2014-53051-P Agència de Gestió d'Ajuts Universitaris i de Recerca 2014/SGR-515
Nota:	Altres ajuts: partially supported by the Universidad Nacional de San Luis, through grant 319502, and by the Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET), through grant PIP 112-200801-00655.
Derechos:	Tots els drets reservats.
Lengua:	Anglès
Colección:	Working papers GSE ; 790
Documento:	Working paper ; recerca ; Versió publicada
Materia:	Choice ; Rationality ; Satisficing Behavior ; Rationalizability ; Preferences ; Choice Functions

39 p, 297.3 KB

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