Choosing the two finalists

Kfir Eliaz; Michael Richter; Ariel Rubinstein

doi:10.1007/s00199-009-0516-3

Choosing the two finalists

Kfir Eliaz, Michael Richter, Ariel Rubinstein

Research output: Contribution to journal › Article › peer-review

Abstract

This paper studies a decision maker who for each choice set selects a subset of (at most) two alternatives. We axiomatize three types of procedures: (i) The top two: the decision maker has in mind an ordering and chooses the two maximal alternatives. (ii) The two extremes: the decision maker has in mind an ordering and chooses the maximal and the minimal alternatives. (iii) The top and the top: the decision maker has in mind two orderings and he chooses the maximal element from each.

Original language	English (US)
Pages (from-to)	211-219
Number of pages	9
Journal	Economic Theory
Volume	46
Issue number	2
DOIs	https://doi.org/10.1007/s00199-009-0516-3
State	Published - Feb 2011

Keywords

Axiomatization
Choice correspondence
Consideration sets
Two-stage choice

ASJC Scopus subject areas

Economics and Econometrics

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10.1007/s00199-009-0516-3

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AB - This paper studies a decision maker who for each choice set selects a subset of (at most) two alternatives. We axiomatize three types of procedures: (i) The top two: the decision maker has in mind an ordering and chooses the two maximal alternatives. (ii) The two extremes: the decision maker has in mind an ordering and chooses the maximal and the minimal alternatives. (iii) The top and the top: the decision maker has in mind two orderings and he chooses the maximal element from each.

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Choosing the two finalists

Abstract

Keywords

ASJC Scopus subject areas

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