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

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td align="left"> </td><td align="center"><span style="width: 9.5625px;"><svg height="12.175" id="M178" style="vertical-align:-3.56265pt" version="1.1" viewbox="0 0 9.5625 12.175" width="9.5625" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
<g transform="matrix(.017,-0,0,-.017,.062,7.675)"><path d="M538 96q-38 -45 -84 -76.5t-71 -31.5q-44 0 -15 117q12 49 18 89h-2q-99 -128 -163 -178q-36 -28 -70 -28q-26 0 -44 38h-2q-16 -69 -16 -129q0 -43 11 -75.5t24 -42.5l1 -6q-7 -12 -24.5 -23t-37.5 -11q-40 0 -40 76q0 52 35 202l94 407l78 24l5 -5q-32 -122 -72 -310
q-7 -33 0 -55t25 -22q36 0 105.5 75t107.5 145l32 146l75 26h10q-50 -197 -78 -347q-7 -38 6 -38q7 0 31 17t47 39z" id="x1D707"></path></g>
</svg></span></td><td align="center"><span style="width: 9.7250004px;"><svg height="8.3000002" id="M179" style="vertical-align:-0.1638pt" version="1.1" viewbox="0 0 9.7250004 8.3000002" width="9.7250004" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
<g transform="matrix(.017,-0,0,-.017,.062,8.038)"><path d="M548 455q-32 -77 -74 -77q-37 0 -103 10l-3 -2q36 -30 48.5 -62t12.5 -80q0 -103 -75 -179.5t-175 -76.5q-70 0 -113 45t-43 128q0 115 83.5 200.5t209.5 85.5q31 0 77.5 -4t67.5 -4q36 0 62 30zM350 274q0 54 -17 86q-19 35 -57 35q-50 0 -90 -37.5t-59 -91.5t-19 -109
q0 -61 24.5 -96.5t65.5 -35.5q51 0 87.5 46.5t50.5 100.5t14 102z" id="x1D70E"></path></g>
</svg></span></td><td align="center"><span style="width: 15.75px;"><svg height="11.6875" id="M180" style="vertical-align:-0.0pt" version="1.1" viewbox="0 0 15.75 11.6875" width="15.75" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
<g transform="matrix(.017,-0,0,-.017,.062,11.625)"><path d="M896 662l11 -15q-88 -73 -176 -73q-57 0 -181 30t-168 30q-93 0 -148 -39t-55 -104q0 -54 30 -83t77 -29q70 0 114 42.5t72 133.5l20 -1q-39 -205 -209 -205q-59 0 -102 37t-43 98q0 78 64 132q76 64 227 64q58 0 180 -28t174 -28q46 0 113 38zM657 568l14 -14
q-32 -32 -55 -80t-52 -137q69 14 121 15q17 26 39 41.5t39 15.5q23 0 23 -22q0 -15 -21 -37.5t-51 -37.5q-8 -24 -8 -60q0 -12 3 -26l-59 -20v18q0 31 11 70q-63 -3 -115 -12q-105 -282 -354 -282q-60 0 -104 28q-45 28 -45 83q0 32 16.5 50.5t43.5 18.5q20 0 35 -14.5
t15 -34.5q0 -21 -12 -35.5t-32 -14.5q-22 0 -29 13h-2q4 -27 34 -45t72 -18q76 0 132 48q56 47 121 177q-99 -32 -177 -85l-13 15q58 70 216 124l14 31q29 67 70 117.5t110 109.5z" id="x2131"></path></g>
</svg></span></td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td align="left"> Green line </td><td align="center"> 500 </td><td align="center" rowspan="3">
						50<br/></td><td align="center" rowspan="3"> Normal</td></tr><tr><td align="left"> </td><td align="center"> 600 </td></tr><tr><td align="left">Red line </td><td align="center"> 700 </td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

Abstract and Applied Analysis

tab3

Table 3

Table 3: Choice Overload, Satisficing Behavior, and Price Distribution in a Time Allocation Model 