A million answers to twenty questions: Choosing by checklist

A-Tier
Journal: Journal of Economic Theory
Year: 2012
Volume: 147
Issue: 1
Pages: 71-92

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Several decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two approaches are nearly equivalent. Since the number of preference discriminations that an agent can make increases exponentially in the number of properties used, checklists provide a rapid procedural basis for utility maximization.

Technical Details

RePEc Handle
repec:eee:jetheo:v:147:y:2012:i:1:p:71-92
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25