We unite two basic approaches to modelling limited attention in choice by showing that the
rational inattention model implies the formation of consideration sets—only a subset of the …

The standard revealed preference argument relies on an implicit assumption that a decision
maker considers all feasible alternatives. The marketing and psychology literatures …

Stated preference elicitation methods collect data on consumers by" just asking" about
tastes, perceptions, valuations, attitudes, motivations, life satisfactions, and/or intended …

We use laboratory experiments to test models of rational inattention, in which people acquire
information to maximize utility net of information costs. We show that subjects adjust their …

In 1908, the Welsh neurologist and psychoanalyst Ernest Jones described human beings as
rationalizers whose behavior is governed by “the necessity of providing an explanation.” We …

This paper illustrates how one can deduce preference from observed choices when
attention is both limited and random. We introduce a random attention model where we …

We introduce and axiomatically characterize a model of status quo bias in which the status
quo affects choices by both imposing psychological constraints and focusing attention. The …

We propose a robust method of discrete choice analysis when agents' choice sets are
unobserved. Our core model assumes nothing about agents' choice sets apart from their …

This paper develops axiomatically a revealed preference theory of reference-dependent
choice behavior. Instead of taking the reference for an agent as exogenously given in the …

The motives and behaviour of sports fans are heavily researched. Past work has
distinguished “fans” and “supporters” on engagement with teams or athletes and identified …