CeDEx Seminar - Paola Manzini (University of Sussex)

Location: via Microsoft Teams
Date(s): Wednesday 7th October 2020 (14:00-15:00)
Description: This week our speaker will be Paola Manzini from the University of Sussex. This is the rescheduled seminar from March 2020

Title: "Mixture Choice Data: Revealing Preferences and Cognition", with Valentino Dardanoni, Marco Mariotti Henrik Petri and Christopher J. Tyson.

Abstract. Mixture choice data consist of the joint distribution of choices of a group of agents from a collection of menus, comprising the implied stochastic choice function plus any cross-menu correlations. When agents are heterogeneous with respect to both preferences and cognition, we show that these two components of behavior can be revealed simultaneously by appropriate mixture choice data. We extend this finding to several models of cognition, including stochastic consideration sets, random satisficing thresholds, and multinomial logit. Finally, we demonstrate how the mixture choice framework can be used by applying it to an experimental dataset.

A copy of the paper is available online (PDF).

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