When is coarseness not a curse? Comparative statics of the coarse random utility model

A-Tier
Journal: Journal of Economic Theory
Year: 2022
Volume: 202
Issue: C

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

In a variety of choice environments, perception is both noisy and coarse. That is, the agent perceives the true ranking of the objects of choice with error; and, in addition, the perceived values can only be discriminated coarsely. Reasons for coarse perception include limitations in sensory perception, memory function, or the communication technology used by expert advisors.

Technical Details

RePEc Handle
repec:eee:jetheo:v:202:y:2022:i:c:s0022053122000357
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25