Working paper icon

Working paper

An empirical model of screening rule choice

Abstract:

We model consideration set formation involving non-compensatory screening rules. Rather than choosing from among alternatives or sets, consumers in our model choose rules. The best rules strike a balance between maximizing utility and minimizing costs of thinking. By adding psychological insights into an econometric framework, we obtain a parsimonious, interpretable model that delivers a wealth of insights from minimal data requirements. The model requires only stated (or revealed) considerat...

Expand abstract

Actions


Access Document


Files:

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Saïd Business School
Oxford college:
Kellogg College
Role:
Author
Publisher:
University of Oxford Publisher's website
Publication date:
2020-09-29
Language:
English
Keywords:
Pubs id:
1135517
Local pid:
pubs:1135517
Deposit date:
2020-09-29

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP