Manipulation of Choice Behavior
University of St. Andrews - School of Economics and Finance; Institute for the Study of Labor (IZA)
University of London, Queen Mary - Department of Economics
Christopher J. Tyson
University of London - School of Economics and Finance
IZA Discussion Paper No. 5891
We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three "psychological variables," we imagine that a subset of these variables can be selected by a "manipulator." To what extent does this confer control of the agent's behavior? Within the specified framework, which overlaps with two existing models of choice under cognitive constraints, we provide a complete answer to this question.
Number of Pages in PDF File: 17
Keywords: attention, choice function, revealed preference, satisficing, threshold
JEL Classification: D01, D03, D70
Date posted: August 8, 2011
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