'Divide-and-choose' in list-based decision problems

摘要

When encountering a set of alternatives displayed in the form of a list, the decision maker usually determines a particular alternative, after which she stops checking the remaining ones, and chooses an alternative from those observed so far. We present a framework in which both decision problems are explicitly modeled, and axiomatically characterize a 'divide-and-choose' rule which unifies successive choice and satisficing choice.