{"title":"A Simple Experienced Choice Model: A Revealed Preference Approach","authors":"Hadi Pahlevan Yazdanabad","doi":"10.1111/boer.70014","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>In this paper, we present a framework to study different possible choice models with an underlying characteristic in common: the decision maker can make mistakes due to cognitive limitations but such mistakes disappear once options are experienced. We present both a possible class of models and its axiomatic characterization. We also use a machinery developed to contribute to welfare analysis by using observable choices to identify a welfare-relevant preference relation.</p>\n </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"78 2","pages":"235-241"},"PeriodicalIF":1.2000,"publicationDate":"2026-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Bulletin of Economic Research","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/boer.70014","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/11/6 0:00:00","PubModel":"Epub","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In this paper, we present a framework to study different possible choice models with an underlying characteristic in common: the decision maker can make mistakes due to cognitive limitations but such mistakes disappear once options are experienced. We present both a possible class of models and its axiomatic characterization. We also use a machinery developed to contribute to welfare analysis by using observable choices to identify a welfare-relevant preference relation.
期刊介绍:
The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.