%0 Report
        %A Manzini, Paola
%A Mariotti, Marco
        %T Rationalizing Boundedly Rational Choice: Sequential Rationalizability and Rational Shortlist Methods
        %D 2004
        %8 2004 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1239
        %U https://www.iza.org/publications/dp1239
        %X A sequentially rationalizable choice function is a choice function which can be obtained by
applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational
ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two
rationales. These concepts translate into economic language some human choice heuristics
studied in psychology. We provide a full characterization of RSMs and study some properties
of sequential rationalizability. These properties allow some degree of menu dependence in
choice.
        %K incomplete preferences
%K intransitive choice
%K bounded rationality
%K menu dependence
%K rationalizability of choice