Theoretical and Econometric Models of Behavioural Decision-making: Limited Attention, Framing effects and Online Search
This thesis comprises three papers. The first paper (Chapter 2) presents a theoretical model of choice under limited attention. In this model, the decision-maker (DM) forms a consideration set, from which she chooses her most preferred alternative. Both preferences and consideration sets are stochastic. We present axiomatisations for this model. Our focus is on the following identification question: to what extent can an observer retrieve probabilities of preferences and consideration sets...[Show more]
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