Choice Overload, Satisficing Behavior, and Price Distribution in a Time Allocation Model

Table 2

Shocks 𝑎_ℎ below are independent and uniformly distributed in [−𝜃,𝜃] where 𝜃 is adjusted as 𝐻 changes so as to keep 𝜎 constant.

	𝜇	𝜎	ℱ	𝐻
Green line	700	150	1𝜇+𝐻∑ℎ𝑎ℎ	𝐻=2
				𝐻=20
Red line				𝐻=30