2 papers
econ.TH2024
On the Welfare (Ir)Relevance of Two-Stage Models
Mikhail Freer, Hassan Nosratabadi
In a two-stage model of choice a decision maker first shortlists a given menu and then applies her preferences. We show that a sizeable class of these models run into significant i…
econ.TH2022
Revealed Preference Analysis Under Limited Attention
Mikhail Freer, Hassan Nosratabadi
An observer wants to understand a decision-maker's welfare from her choice. She believes that decisions are made under limited attention. We argue that the standard model of limite…