ramchoice
swMATH37331CRANramchoiceMaRDI QIDQ53032FDOQ53032
Revealed Preference and Attention Analysis in Random Limited Attention Models
Last update: 22 January 2024
Copyright license: GNU General Public License, version 2.0
Software version identifier: 2.1, 0.1, 0.2, 1.0, 1.1, 2.0, 2.1, 2.2
Source code repository: https://github.com/cran/ramchoice
It is widely documented in psychology, economics and other disciplines that socio-economic agent may not pay full attention to all available alternatives, rendering standard revealed preference theory invalid. This package implements the estimation and inference procedures of Cattaneo, Ma, Masatlioglu and Suleymanov (2020) <arXiv:1712.03448> and Cattaneo, Cheung, Ma, and Masatlioglu (2022) <arXiv:2110.10650>, which utilizes standard choice data to partially identify and estimate a decision maker's preference and attention. For inference, several simulation-based critical values are provided.
Cited In (9)
- Random consideration and choice: a case study of ``default options
- Luce rule with limited consideration
- Disentangling preferences and limited attention: random-utility models with consideration sets
- Frame-based stochastic choice rule
- Stochastic choice with limited memory
- A random attention and utility model
- Multiple-switching behavior in choice-list elicitation of risk preference
- Estimating multinomial choice models with unobserved choice sets
- Hazard rate, stochastic choice and consideration sets
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