On Reference Dependent Shortlisting Behavior

descriptionPublicationkeyboard_double_arrow_right Article 18 Jul 2017Publisher:Walter de Gruyter GmbHJournal:The B.E. Journal of Theoretical Economics, volume 18 (eissn: 1935-1704,

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Authors: Qin, Dan;

doi: 10.1515/bejte-2016-0153

On Reference Dependent Shortlisting Behavior

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Abstract

AbstractThis article studies and characterizes a family of reference-dependent choice procedures. The decision maker is assumed to compare alternatives with a reference alternative by a single criterion or multiple criteria. The choice set contains all alternatives passing the threshold (set by the reference alternative) in terms of all criteria. Characterizations are provided for variants of such choice procedures.

Keywords

reference dependent choice, multi-dimensional preference, satisficing behavior, Decision theory, Individual preferences

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