Template-Type: ReDIF-Paper 1.0
Author-Name: Arkarup Basu  Mallik
Author-Name-First: Arkarup Basu 
Author-Name-Last: Mallik
Author-Email: 
Author-Workplace-Name: ISI, Kolkata
Author-Name: Mihir  Bhattacharya
Author-Name-First: Mihir 
Author-Name-Last: Bhattacharya
Author-Email: mihir.bhattacharya@ashoka.edu.in
Author-Workplace-Name: Ashoka University
Author-Name: Anuj  Bhowmik
Author-Name-First: Anuj 
Author-Name-Last: Bhowmik
Author-Email: 
Author-Workplace-Name: ISI, Kolkata
Title: Attributes and Limited Attention
Abstract: We consider an attribute-based model of stochastic choice with variable attention to different attributes. We characterize stochastic choice rules with attributes and limited attention (SCRALA). Under SCRALA, the probability with which an alternative (say, x) is chosen is the product of the probabilities with which attention is drawn by the attributes where x is ranked highest and the (weighted) probability with which attention is not drawn by the attributes under which x is not the highest ranked. Our results are characterized by axioms defined on observable choice data and all the attention parameters are uniquely identified.
length: 29
Creation-Date: 20240823
Revision-Date: 
Publication-Status: 
File-URL:https://dp.ashoka.edu.in/ash/wpaper/paper120_0.pdf
File-Format: Application/pdf 
Number: 120
Keywords: attributes
Keywords: limited attention
Keywords: stochastic choice
Handle: RePEc:ash:wpaper:120