Choosing the two finalists

Kfir Eliaz, Michael Richter, Ariel Rubinstein

    Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
    Pages (from-to)211-219
    Number of pages9
    JournalEconomic Theory
    Volume46
    Issue number2
    DOIs
    StatePublished - Feb 2011

    Keywords

    • Axiomatization
    • Choice correspondence
    • Consideration sets
    • Two-stage choice

    ASJC Scopus subject areas

    • Economics and Econometrics

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