Choice by Lexicographic Semiorders

26 Pages Posted: 17 Mar 2009

See all articles by Paola Manzini

Paola Manzini

University of St. Andrews - School of Economics and Finance; Institute for the Study of Labor (IZA)

Marco Mariotti

University of London - School of Economics and Finance

Abstract

We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data.

Keywords: lexicographic semiorders, bounded rationality, revealed preference, choice

JEL Classification: D0

Suggested Citation

Manzini, Paola and Mariotti, Marco, Choice by Lexicographic Semiorders. IZA Discussion Paper No. 4046. Available at SSRN: https://ssrn.com/abstract=1359982

Paola Manzini (Contact Author)

University of St. Andrews - School of Economics and Finance ( email )

North St
Saint Andrews, Fife KY16 9AJ
United Kingdom

HOME PAGE: http://www.st-andrews.ac.uk/~pm210/

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

Marco Mariotti

University of London - School of Economics and Finance ( email )

Mile End Road
London, E1 4NS
United Kingdom

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