TY - JOUR
T1 - Mixture Choice Data: Revealing Preferences and Cognition
AU - Dardanoni, Valentino
AU - Manzini, Paola
AU - Mariotti, Marco
AU - Petri, Henrik
AU - Tyson, Christopher J.
N1 - Dardanoni thanks the MIUR for financial support through PRIN Grant 2017KZZLYP. Manzini and Mariotti thank the Leverhulme Foundation for support through Research Project Grant 2019–143.
Funding Information:
Yusufcan Masatlioglu, and Illia Pasichnichenko, as well as numerous seminar and conference audiences. Dardanoni thanks the Ministry of Education, University, and Research (MIUR) for financial support through Research Projects of National Interest (PRIN) grant 2017KZZLYP. Manzini and Mariotti thank the Leverhulme Foundation for support through research project grant 2019-143. This paper was edited by Emir Kamenica.
PY - 2023/3/31
Y1 - 2023/3/31
N2 - 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 other aspects of cognition, we show that these two determinants of behavior are identified simultaneously by suitable mixture choice data. We also demonstrate how this finding can be extended to allow for specialized assumptions about cognition, focusing on models of random satisficing thresholds and “quantal Fechnerian” choice.
AB - 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 other aspects of cognition, we show that these two determinants of behavior are identified simultaneously by suitable mixture choice data. We also demonstrate how this finding can be extended to allow for specialized assumptions about cognition, focusing on models of random satisficing thresholds and “quantal Fechnerian” choice.
UR - http://www.scopus.com/inward/record.url?scp=85151729087&partnerID=8YFLogxK
U2 - 10.1086/721734
DO - 10.1086/721734
M3 - Article
SN - 0022-3808
VL - 131
SP - 687
EP - 715
JO - Journal of Political Economy
JF - Journal of Political Economy
IS - 3
ER -