A random attention and utility model

A-Tier
Journal: Journal of Economic Theory
Year: 2022
Volume: 204
Issue: C

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by Cattaneo et al. (2020) and a stability condition on the marginal distribution of preferences. Our framework is amenable to statistical testing. These new restrictions extend widely known parametric models of consideration with heterogeneous preferences.

Technical Details

RePEc Handle
repec:eee:jetheo:v:204:y:2022:i:c:s0022053122000771
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24