A TESTABLE THEORY OF IMPERFECT PERCEPTION

• 成果类型: Article
• 署名作者: Caplin, Andrew; Martin, Daniel
• 署名单位: New York University; Paris School of Economics
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12130
• 发表日期: 2015
• 页码: 184-202
• 关键词: choice; search

摘要

We provide a characterisation of choice behaviour generated by a Bayesian expected utility maximiser. The observable signature of this standard model is the impossibility of raising utility by switching wholesale from one action to another. We provide applications to robustness, to the recovery of utility from choice data and to model classification.