Ordinal relative satisficing behavior : theory and experiments
Barberà, Salvador 1946-
![Identificador ORCID](/img/uab/orcid.ico)
(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. ![](/img/licenses/InC.ico) |
Lengua: |
Anglès |
Colección: |
Working papers GSE ; 790 |
Documento: |
Working paper ; recerca ; Versió publicada |
Materia: |
Choice ;
Rationality ;
Satisficing Behavior ;
Rationalizability ;
Preferences ;
Choice Functions |
El registro aparece en las colecciones:
Documentos de investigación >
Working papers
Registro creado el 2023-10-31, última modificación el 2024-01-24