Munich Personal RePEc Archive

Indecisiveness, Undesirability and Overload Revealed Through Rational Choice Deferral

Gerasimou, Georgios (2015): Indecisiveness, Undesirability and Overload Revealed Through Rational Choice Deferral.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_67290.pdf]

Download (267kB) | Preview


Three reasons why decision makers may defer choice are *indecisiveness* between feasible options, *unattractiveness* of these options and *choice overload*. This paper provides a choice-theoretic explanation for each of these phenomena by means of three deferral-permissive models of decision making that are driven by preference incompleteness, undesirability and complexity constraints, respectively. These models feature *rational* choice deferral in the sense that whenever the individual does choose an option from a menu, this is a most preferred option in that menu, so that choices are always WARP-consistent. The models also allow for the use of observable data to recover the individual's preferences and, where applicable, the indecisiveness and undesirability components of these preferences.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.