Limited attention and models of choice: A behavioral equivalence
Fuente:
arXiv
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Preprint |
| Published: |
2025
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866913965492142080 |
|---|---|
| author | Carpentiere, Davide Petralia, Angelo |
| author_facet | Carpentiere, Davide Petralia, Angelo |
| contents | We show that many models of choice can be alternatively represented as special cases of choice with limited attention (Masatlioglu, Nakajima, and Ozbay, 2012), singling out the properties of the unobserved attention filters that explain the observed choices.For each specification, information about the DM's consideration sets and preference is inferred from violations of the contraction consistency axiom, and it is compared with the welfare indications obtained from equivalent models. Remarkably, limited attention always supports the elicitation of DM's taste arising from alternative methods. Finally, we examine the intersections between subclasses, and we verify that each of them is independent of the others. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2502_14879 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Limited attention and models of choice: A behavioral equivalence Carpentiere, Davide Petralia, Angelo Theoretical Economics We show that many models of choice can be alternatively represented as special cases of choice with limited attention (Masatlioglu, Nakajima, and Ozbay, 2012), singling out the properties of the unobserved attention filters that explain the observed choices.For each specification, information about the DM's consideration sets and preference is inferred from violations of the contraction consistency axiom, and it is compared with the welfare indications obtained from equivalent models. Remarkably, limited attention always supports the elicitation of DM's taste arising from alternative methods. Finally, we examine the intersections between subclasses, and we verify that each of them is independent of the others. |
| title | Limited attention and models of choice: A behavioral equivalence |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2502.14879 |