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Discrete models of menu choice.

Chandrasekher, Madhav.

Discrete models of menu choice.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Discrete models of menu choice.
Author:	Chandrasekher, Madhav.
Description:	82 p.
Notes:	Adviser: Chris Shannon.
Notes:	Source: Dissertation Abstracts International, Volume: 69-09, Section: A, page: 3688.
Contained By:	Dissertation Abstracts International69-09A.
Subject:	Economics, Theory.
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3331569
ISBN:	9780549839729

Discrete models of menu choice.
Chandrasekher, Madhav.

Discrete models of menu choice. - 82 p.

Adviser: Chris Shannon.

Thesis (Ph.D.)--University of California, Berkeley, 2008.

This dissertation analyzes discrete models of menu choice. The primary conceptual innovation is that it formalizes the notion of reference-dependent choice within the menu choice framework. We axiomatically characterize a decision model that unifies the classes of preferences known, respectively, as preference for commitment and preference for flexibility. On a methodological level, the analysis in the paper is entirely discrete which is, by itself, a novelty. The seminal work by Kreps (1979) notwithstanding, almost all papers couch their analysis in the menu-choice analogue of the von-Neumann-Morgenstern (vNM) choice domain. By working in a discrete choice domain we are able to obtain a parsimonious model that avoids some of the start-up costs of the vNM models. Moreover, while utilities are not numerically identified we show that the salient characteristics of the utilities are ordinal invariants.

ISBN: 9780549839729Subjects--Topical Terms:

212740
Economics, Theory.

Discrete models of menu choice.
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245 1 0 $a Discrete models of menu choice.
300 $a 82 p.
500 $a Adviser: Chris Shannon.
500 $a Source: Dissertation Abstracts International, Volume: 69-09, Section: A, page: 3688.
502 $a Thesis (Ph.D.)--University of California, Berkeley, 2008.
520 $a This dissertation analyzes discrete models of menu choice. The primary conceptual innovation is that it formalizes the notion of reference-dependent choice within the menu choice framework. We axiomatically characterize a decision model that unifies the classes of preferences known, respectively, as preference for commitment and preference for flexibility. On a methodological level, the analysis in the paper is entirely discrete which is, by itself, a novelty. The seminal work by Kreps (1979) notwithstanding, almost all papers couch their analysis in the menu-choice analogue of the von-Neumann-Morgenstern (vNM) choice domain. By working in a discrete choice domain we are able to obtain a parsimonious model that avoids some of the start-up costs of the vNM models. Moreover, while utilities are not numerically identified we show that the salient characteristics of the utilities are ordinal invariants.
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710 $a University of California, Berkeley. $3 212474
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791 $a Ph.D.
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