A theory of cutoff formation under imperfect information

Management Science

Volumn 42, Issue 1, 1996, Pages 65-84

  Feinberg, Fred M ^a   Huber, Joel ^a  

^a NONE

Author keywords

Choice Models; Cutoffs; Imperfect Information; Optimal Stopping; Order Statistics; Random Utility Models

Indexed keywords

EID: 0002197298     PISSN: 00251909     EISSN: None     Source Type: Journal    
DOI: 10.1287/mnsc.42.1.65     Document Type: Article

References (29)

1. Bhattacharya, P. K., "Induced Order Statistics: Theory and Applications," in P. R. Krishnaia and P. K. Sen, (Eds.), Handbook of Statistics, Volume 4, North Holland, Amsterdam, pp. 383-403, 1984.
2. David, H. A., Order Statistics, Second Edition, John Wiley, New York, 1981.
3. Gensch, D. H., "A Two-Stage Disaggregate Attribute Choice Model," Marketing Sci., 6, 3 (1987), 223-239.
4. Gokhale, D. V. and J. Press, "Assessment of a Prior Distribution for a Correlation in a Bivariate Normal Distribution," J. Royal Statistical Society (B), 145, 2 (1982), 237-249.
5. Grether, D. and L. Wilde, "An Analysis of Conjunctive Choice," J. Consumer Res., 10 (March 1984), 373-385.
6. Hauser, J. R. and B. Wernerfelt, "An Evaluation Cost Model of Consideration Sets," J. Consumer Res., 16 (March 1990), 393-408.
7. Huber, J. and N. M. Klein, "Adapting Cutoffs to the Choice Environment, The Effects of Attribute Correlations and Reliability," J. Consumer Res., 18 (Dec. 1991), 346-357.
8. Jennings, D. L., T. M. Amable, and L. Ross, "Informational Covariation Assessments: Data-based vs. Theory-based Judgments," in D. Kahnemann, P. Slovic and A. Tversky (Eds.), Judgment Under Uncertainty: Heuristics and Biases, pp. 211-230, Cambridge University Press, Cambridge, 1982.
9. Johnson, E. and J. L. Payne, "Effort and Accuracy in Choice," Management Sci., 31 (1985), 395-414.
10. Klein, N. M. and S. W. Bither, "An Investigation of Utility-Directed Cutoff Selection," J. Consumer Res., 14 (Sept. 1987), 240-256.
11. Li, L. and D. B. Owen, "Two-Sided Screening Procedures in the Bivariate Case," Technometrics, 21, 1 (1979), 79-85.
12. Lippman, S. A. and R. McCall, "The Economics of Job Search: A Survey (Part I)," Economic Inquiry, 14 (1976), 155-189.
13. _ and K. McCardle, "Uncertain Search: A Model of Search Among Technologies of Uncertain Values," Management Sci., 37 (1991), 1474-1490.
14. Madsen, R. W., "A Selection Procedure Using a Screening Variable," Technometrics, 24, 4 (1982), 301-306.
15. McQueen, J. B., "Optimal Policies for a Class of Search and Evaluation Problems," Management Sci., 10 (1964), 746-759.
16. Morgan, P. and R. Manning, "Optimal Search," Econometrica, 53, 4 (1985), 923-944.
17. Moskowitz, H., R. Plante, and H. S. Tsia, "A Multistage Screening Model for Evaluation and Control of Misclassification Error in Detection of Hypertension," Management Sci., 39, 3 (1993), 307-321.
18. Nagaraja, H. N. and H. A. David, "Distribution of the Maximum of Concomitants of Selected Order Statistics," The Annals of Statistics, 22, 1 (March 1994), 478-494.
19. Newell, A. and H. A. Simon, Human Problem Solving, Prentice Hall, Englewood Cliffs, NJ, 1972.
20. Owen, D. B., L. Li, and Y. M. Chou, "Prediction Intervals for Screening Using a Measured Correlated Variable," Technometrics, 23, 2 (1981), 165-170.
21. Payne, J. L., J. R. Bettman, and E. Johnson, "Adaptive Strategy Selection in Decision Making," J. of Experimental Psychology: Learning, Memory and Cognition, 9 (1988), 676-696.
22. Roberts, J. H. and J. M. Lattin, "Development and Testing of a Model of Consideration Set Composition," J. Marketing Res., 28 (November 1991), 429-440.
23. Sanbonmatsu, D. M., S. Shavett, and B. D. Gibson, "Salience, Set Size and Illusory Correlation: Making Moderate Assumptions about Extreme Targets," J. Personality and Social Psychology, 66, 4 (1994), 1020-1033.
24. Schilling, E. G., Acceptance Sampling in Quality Control, Marcel Dekker, New York, 1982.
25. Stigler, G. J., "The Economics of Information," J. Political Economy, 69 (June 1961), 213-225.
26. Widing, R. E. and W. W. Talarzyk, "Electronic Information Systems for Consumers: An Evaluation of Computer Assisted Format in Multiple Decision Environments," Working Paper, Case Western Reserve University, Cleveland, OH, 1991.
27. Wright, P., "Consumer Choice Strategies: Simplifying vs. Optimizing," J. Marketing Res., 12 (February 1975), 60-67.
28. Yang, S. S., "General Distribution Theory of the Concomitants of Order Statistics," The Annals of Statistics, 5, 5 (1977), 996-1002.
29. Yeo, W. B. and H. A. David, "Selection Through an Associated Characteristic with Applications to the Random Effects Model," J. American Statistical Association, 79, 6 (1984), 399-405.