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CiteWeb id: 20130000043

CiteWeb score: 2516

DOI: 10.3982/TE1014

When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to analyze every alternative. To capture these situations, we formulate a framework to study behavioral search by utilizing the idea of consideration sets. Consumers engage in a dynamic search process. At each stage, they consider only those options in the current consideration set. We provide behavioral postulates that characterize this model. We illustrate how one can identify both search paths and preferences.

The publication "Choice by iterative search" is placed in the Top 10000 of the best publications in CiteWeb. Also in the category Economics it is included to the Top 1000. Additionally, the publicaiton "Choice by iterative search" is placed in the Top 100 among other scientific works published in 2013.
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