Correlated choice

CP Chambers, Y Masatlioglu… - Theoretical …, 2024 - Wiley Online Library
We study random joint choice rules, allowing for interdependence of choice across agents.
These capture random choice by multiple agents, or a single agent across goods or time …

A random reference model

Ö Kibris, Y Masatlioglu… - American Economic …, 2024 - pubs.aeaweb.org
We provide two nested models of random reference-dependent choice in which the
reference point is endogenously determined by random processes. Random choice …

Stochastic choice with bounded processing capacity

T Marchant, A Sen - Journal of Mathematical Psychology, 2023 - Elsevier
We propose and characterize a class of stochastic decision functions for a decision-maker
who has a capacity for processing at most k-alternatives at a time. When faced with a menu …

[PDF][PDF] Random (sequential) multivalued choice

H Petri - 2022 - henrikpetri.com
Multivalued choice rules, or choice correspondences, are effective means to describe a wide
array of behaviors conforming to and deviating from rationality. Modeling heterogeneity in …

Markov stochastic choice

K Valkanova - arXiv preprint arXiv:2410.22001, 2024 - arxiv.org
We examine the effect of item arrangement on choices using a novel decision-making model
based on the Markovian exploration of choice sets. This model is inspired by experimental …

[PDF][PDF] Random Choice and Differentiation

J He, P Natenzon - 2023 - pnatenzon.wustl.edu
The degree to which consumers treat different options as distinct or differentiated is a key
determinant of market competition and pricing. To facilitate the measurement of …

Choice by rejection

B Bhardwaj, K Manocha - arXiv preprint arXiv:2108.07424, 2021 - arxiv.org
We propose a boundedly rational model of choice where agents eliminate dominated
alternatives using a transitive rationale before making a choice using a complete rationale …

[PDF][PDF] Visual Choice

Y Demirkan - 2023 - ozyegin.edu.tr
I propose a procedural model of random choice called visual choice based on the eye
movements of individuals. The decision maker fixates randomly on alternatives, and …

Essays on Bounded Rationality

Y Demirkan - 2024 - search.proquest.com
In this dissertation, I model individuals who have limited attention due to different reasons
and the impact of this on the market competition. I propose three theoretical models two of …

[PDF][PDF] Stochastic choice analysis with mismeasured data

H Petri - 2021 - henrikpetri.com
Measurement error is an important concern in empirical and experimental work on discrete
choice. Ignoring it may lead to an (under) over rejection problem, whereby observed choices …