×

A model of approval with an application to list design. (English) Zbl 1539.91073

Summary: Online technologies enable a host of observable acts, such as wishlisting, that do not quite amount to choice meant as a final selection. Rather, they express interest and a positive attitude towards an item. We gather this type of behaviour under the term approval. With items presented as a list, we propose a model of approval. We completely characterise the model in terms of simple properties of observed approval data. We introduce and study the problem of list design. This captures situations where an interested party can manipulate the approver’s behaviour by choosing the list with the aim of maximising an objective.

MSC:

91B42 Consumer behavior, demand theory
Full Text: DOI

References:

[1] Aguiar, Luis; Waldfoge, Joel, Platforms, promotions and product discovery: evidence from Spotify’s playlists, J. Ind. Econ., 69, 3, 653-691, 2021
[2] Aguiar, Victor H., Random categorization and bounded rationality, Econ. Lett., 159, 46-52, 2017 · Zbl 1396.91059
[3] Aguiar, Victor H.; Boccardi, María José; Dean, Mark, Satisficing and stochastic choice, J. Econ. Theory, 166, 445-482, 2016 · Zbl 1372.91037
[4] Ahumada, Alonso; Ülkü, Levent, Luce rule with limited consideration, Math. Soc. Sci., 93, 52-56, 2018 · Zbl 1393.91037
[5] Apesteguia, Jose; Ballester, Miguel A., The Rationalizability of Survey Responses, 2023, working paper
[6] Balakrishnan, Narayanaswamy; Ok, Efe A.; Ortoleva, Pietro, Inferential choice theory, 2021, working paper
[7] Bouacida, E., Eliciting choice correspondences: a general method and an experimental implementation, 2021, working paper
[8] Brady, Richard L.; Rehbeck, John, Menu-dependent stochastic feasibility, Econometrica, 84, 1203-1223, 2016 · Zbl 1419.91208
[9] Caplin, Andrew; Dean, Mark; Martin, Daniel, Search and satisficing, Am. Econ. Rev., 101, 7, 2899-2922, 2011
[10] Costa-Gomes, Miguel; Cueva, Carlos; Gerasimou, Georgios; Tejiščák, Matúš, Choice, deferral and consistency, Quant. Econ., 13, 3, 1297-1318, 2022 · Zbl 07766832
[11] Eliaz, Kfir; Spiegler, Ran, Consideration sets and competitive marketing, Rev. Econ. Stud., 78, 1, 235-262, 2011 · Zbl 1215.91053
[12] Feenberg, Daniel R.; Ganguli, Ina; Gaule, Patrick; Gruber, Jonathan, It’s Good to Be First: Order Bias in Reading and Citing NBER Working Papers, Rev. Econ. Stat., 99, 1, 32-39, 2017
[13] Germano, F.; Gómez, V.; Sobbrio, F., Crowding out the truth? A simple model of misinformation, polarization and meaningful social interactions, 2022, arXiv preprint
[14] Horan, Sean, Sequential Search and Choice from Lists, 2011, working paper
[15] Ishii, Yuhta; Kovach, Matthew; Ülkü, Levent, A model of stochastic CHoice from lists, J. Math. Econ., 96, Article 102509 pp., 2021 · Zbl 1471.91105
[16] Koshevoy, Gleb; Savaglio, Ernesto, Enveloped choice functions and path-independent rationality, 2017, working paper
[17] Kovach, Matthew; Ülkü, Levent, Satisficing with a variable threshold, J. Math. Econ., 87, 67-76, 2020 · Zbl 1436.91040
[18] Kramer, Adam D. I.; Guillory, Jamie E.; Hancock, Jeffrey T., Emotional contagion through social networks, Proc. Natl. Acad. Sci., 111, 24, 8788-8790, 2014
[19] Lee, Kyunghee; Lee, Byungtae; Oh, Wonseok, Thumbs up, sales up? The contingent effect of Facebook likes on sales performance in social commerce, J. Manag. Inf. Syst., 32, 4, 109-143, 2015
[20] Manzini, Paola; Mariotti, Marco, Stochastic choice and consideration sets, Econometrica, 82, 1153-1176, 2014 · Zbl 1419.91227
[21] Masatlioglu, Yusufcan; Nakajima, Daisuke; Ozbay, Erkut Y., Revealed attention, Am. Econ. Rev., 102, 5, 2183-2205, 2012
[22] Masatlioglu, Yusufcan; Vu, Tri Phu, Growing Attention, 2023, working paper
[23] Petri, Henrik, Multivalued logit: Revealing bundle utility from choice, 2023, working paper
[24] Rubinstein, Ariel; Salant, Yuval, A model of choice from lists, Theor. Econ., 1, 1, 3-17, 2006
[25] Yegane, Ece, Stochastic choice with limited memory, J. Econ. Theory, 205, Article 105548 pp., 2022 · Zbl 1504.91081
[26] Yildiz, Kemal, List-rationalizable choice, Theor. Econ., 11, 2, 587-599, 2016 · Zbl 1395.91136
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.