1. Magnitude Observables

Within Choice, Magnitude observables are:

If an observable:

→ it is not a magnitude observable in Choice.

Property CategoryPropertyObservableValue TypeValueReference DomainMeasurement ContextBounds / Admissible RangeResolution / PrecisionNormalization / BaselineAggregation RuleMeasurement Method / InstrumentUncertainty / Error CharacterizationRevision / Update StatusSource Type
MagnitudeIntensity of preferenceBinary choice outcomes (A chosen over B)Level{A,B}Single entityTimepoint{A,B}1 choiceNULLNULLExperimental protocolError rate / noiseFinalExperimental
MagnitudeIntensity of preferenceChoice frequencies across repeated trialsDensity / IntensityCount(A)/NSingle entityInterval[0,1]1/NNMeanExperimental protocolSampling varianceFinalExperimental
MagnitudeIntensity of preferenceSwitching points between optionsLevelThreshold valueSingle entityIntervalMenu boundsMenu stepNULLNULLExperimental protocolInterval uncertaintyFinalExperimental
MagnitudeIntensity of preferenceIndifference pointsLevelEquality pointSingle entityIntervalComparison boundsStep sizeNULLNULLExperimental protocolInterval uncertaintyFinalExperimental
MagnitudeIntensity of preferenceReservation pricesLevelPrice thresholdSingle entityTimepoint≥ 0Price stepNULLNULLExperimental protocolResponse varianceFinalExperimental
MagnitudeIntensity of preferenceWillingness-to-payLevelMax paymentSingle entityTimepoint≥ 0Price stepNULLNULLExperimental protocolResponse varianceFinalExperimental
MagnitudeIntensity of preferenceWillingness-to-acceptLevelMin compensationSingle entityTimepoint≥ 0Price stepNULLNULLExperimental protocolResponse varianceFinalExperimental
MagnitudeIntensity of preferenceAcceptance / rejection at given pricesLevel{0,1}Single entityTimepoint{0,1}1 decisionNULLNULLExperimental protocolError rate / noiseFinalExperimental
MagnitudeIntensity of preferenceBid amounts in auctionsLevelBid valueSingle entityTimepoint≥ 0Price stepNULLNULLExperimental protocolBid varianceFinalExperimental
MagnitudeIntensity of preferenceChoice probabilities (stochastic choice)Density / Intensityp(A)Single entityInterval[0,1]1/NSum=1MeanExperimental protocolSampling varianceFinalExperimental
MagnitudeIntensity of preferenceElasticity of choice with respect to price or attributesDensity / IntensityElasticity valueSingle entityExperimental conditionUnbounded (ℝ)Finite difference stepNULLNULLChoice variation protocolEstimation errorFinalExperimental
MagnitudeIntensity of preferenceRevealed marginal rates of substitutionDensity / IntensityMRS valueSingle entityExperimental conditionPositive real valuesMenu step sizeNULLNULLRevealed-preference taskInterval uncertaintyFinalExperimental
MagnitudeIntensity of preferenceCompensating variation (revealed)LevelCompensation amountSingle entityExperimental condition≥ 0Smallest price incrementNULLNULLRevealed-preference elicitationResponse varianceFinalExperimental
MagnitudeIntensity of preferenceEquivalent variation (revealed)LevelCompensation amountSingle entityExperimental condition≥ 0Smallest price incrementNULLNULLRevealed-preference elicitationResponse varianceFinalExperimental
MagnitudeIntensity of preferenceDelay tolerance thresholds (when preference strength trades off with time)LevelDelay thresholdSingle entityExperimental condition≥ 0Time-step resolutionNULLNULLTime–choice tradeoff taskInterval uncertaintyFinalExperimental
MagnitudeIntensity of preferenceRisk premia implied by lottery choicesLevelRisk premium valueSingle entityExperimental conditionℝ (typically ≥ 0)Smallest payoff differenceNULLNULLLottery-choice protocolEstimation errorFinalExperimental
MagnitudeResource quantityIncome receivedPeriod-totalIncome amountSingle entityInterval≥ 0Smallest currency incrementNULLSumAdministrative recordReporting errorFinalAdministrative
MagnitudeResource quantityCash-on-handLevelCash amountSingle entityTimepoint≥ 0Smallest currency incrementNULLNULLAccount balance observationMeasurement noiseFinalAdministrative
MagnitudeResource quantityWealth levelLevelNet worth valueSingle entityTimepointSmallest currency incrementNULLNULLBalance-sheet constructionValuation errorFinalDerived
MagnitudeResource quantityAsset balancesLevelAsset valueSingle entityTimepoint≥ 0Smallest currency incrementNULLNULLAccount recordsReporting errorFinalAdministrative
MagnitudeResource quantityDebt balancesLevelDebt amountSingle entityTimepoint≥ 0Smallest currency incrementNULLNULLAccount recordsReporting errorFinalAdministrative
MagnitudeResource quantityCredit limitsLevelCredit limit valueSingle entityTimepoint≥ 0Smallest currency incrementNULLNULLLender recordsReporting errorFinalAdministrative
MagnitudeResource quantityEndowed quantities of goodsLevelQuantity endowedSingle entityExperimental condition≥ 0Smallest quantity unitNULLNULLExperimental assignmentAssignment errorFinalExperimental
MagnitudeResource quantityInitial endowmentsLevelEndowment quantitySingle entityTimepoint≥ 0Smallest quantity unitNULLNULLInitial condition recordRecording errorFinalExperimental
MagnitudeResource quantityTime available per periodPeriod-totalTime amountSingle entityInterval≥ 0Smallest time unitNULLNULLTime-budget accountingReporting errorFinalObservational
MagnitudeResource quantityHours available for work or actionPeriod-totalTime amountSingle entityInterval≥ 0Smallest time unitNULLNULLTime-budget accountingReporting errorFinalObservational
MagnitudeResource quantityBudget sizeLevelBudget amountSingle entityTimepoint≥ 0Smallest currency incrementNULLNULLBudget recordRecording errorFinalAdministrative
MagnitudeResource quantityAllowances or transfers receivedPeriod-totalTransfer amountSingle entityInterval≥ 0Smallest currency incrementNULLSumAdministrative recordReporting errorFinalAdministrative
MagnitudeResource quantityStored inventory owned by the agentLevelInventory quantitySingle entityTimepoint≥ 0Smallest quantity unitNULLNULLInventory recordCounting errorFinalAdministrative
MagnitudeOutcome magnitudeQuantity consumedPeriod-totalQuantity amountSingle entityInterval≥ 0Smallest quantity unitNULLSumConsumption recordReporting errorFinalObservational
MagnitudeOutcome magnitudeConsumption bundlesLevelBundle vectorSingle entityTimepoint≥ 0 for all componentsSmallest quantity unit per goodNULLNULLConsumption recordReporting errorFinalObservational
MagnitudeOutcome magnitudeMonetary payoff receivedLevelPayoff amountSingle entityTimepointℝ (typically ≥ 0)Smallest currency incrementNULLNULLPayment recordRecording errorFinalAdministrative
MagnitudeOutcome magnitudePhysical output producedPeriod-totalOutput quantitySingle entityInterval≥ 0Smallest quantity unitNULLSumProduction recordMeasurement errorFinalObservational
MagnitudeOutcome magnitudeUnits of goods obtainedPeriod-totalQuantity obtainedSingle entityInterval≥ 0Smallest quantity unitNULLSumTransaction recordCounting errorFinalAdministrative
MagnitudeOutcome magnitudeTime delays realizedLevelDelay durationSingle entityTimepoint≥ 0Smallest time unitNULLNULLExperimental timing recordTiming errorFinalExperimental
MagnitudeOutcome magnitudeDuration of outcomesPeriod-totalDuration amountSingle entityInterval≥ 0Smallest time unitNULLSumTiming recordTiming errorFinalObservational
MagnitudeOutcome magnitudeEffort expended (proxied by hours, energy use)Period-totalEffort amountSingle entityInterval≥ 0Smallest proxy unitNULLSumTime / energy loggingReporting errorFinalObservational
MagnitudeOutcome magnitudeFinancial return realizedPeriod-totalReturn amountSingle entityIntervalSmallest currency incrementNULLSumFinancial recordValuation errorFinalAdministrative
MagnitudeOutcome magnitudeLosses incurredPeriod-totalLoss amountSingle entityInterval≥ 0Smallest currency incrementNULLSumFinancial recordReporting errorFinalAdministrative
MagnitudeOutcome magnitudeGains realizedPeriod-totalGain amountSingle entityInterval≥ 0Smallest currency incrementNULLSumFinancial recordReporting errorFinalAdministrative
MagnitudeOutcome magnitudePayoff realizations from lotteriesLevelRealized payoffSingle entityTimepointSmallest payoff incrementNULLNULLLottery outcome recordRandom draw varianceFinalExperimental
MagnitudeOutcome magnitudeConsumption level after choiceLevelConsumption quantitySingle entityTimepoint≥ 0Smallest quantity unitNULLNULLConsumption recordReporting errorFinalObservational
MagnitudeOutcome magnitudeResource depletion amountPeriod-totalDepleted quantitySingle entityInterval≥ 0Smallest quantity unitNULLSumResource accounting recordMeasurement errorFinalObservational


2. Structure Observables

Within Choice, Structure observables are:

If an observable:

→ it does not belong here.

Property CategoryPropertyObservableElementsRelationsConfiguration / Pattern TypeTopologyDimensionalitySymmetry / InvariantsHierarchy / NestingRole LabelsOrdering / Sequence RuleEmbedding / Representation SpaceStructural ConstraintsGranularity Level
StructurePreference orderingBinary choice relations (A chosen over B)Options {A,B}Binary dominance relationPairwise relationTwo-node directed relation1D (pairwise)AntisymmetryNonePreferred, non-preferredLinear (pairwise)Abstract choice setExactly one relation per pairMicro
StructurePreference orderingRevealed preference relationsOptionsRevealed dominance relationsDirected graphConnectivity via revealed edgesn-dimensionalTransitivity (if present)NoneDominant, dominatedPartial orderAbstract choice spaceNo self-loopsMicro
StructurePreference orderingChoice rankings over finite menusMenu optionsOrdering relationsTotal or partial orderChain or DAG1D orderingOrder invariance under relabelingNoneRank positionsLinear or partial orderAbstract ordering spaceCompleteness (if total)Micro
StructurePreference orderingPairwise comparison outcomesOption pairsComparison relationsSet of pairwise relationsDisconnected or connected pairs1D (per pair)AntisymmetryNoneWinner, loserPairwise orderAbstract comparison spaceOne outcome per pairMicro
StructurePreference orderingCyclic vs acyclic choice patternsOptionsCyclic dominance relationsDirected cycle or DAGCycles vs no-cycle connectivityn-dimensionalCycle presence / absenceNoneCycle member, terminalCyclic or acyclicGraph representation spaceAdmissible cycle structureMicro
StructurePreference orderingViolations or satisfaction of: WARPOptionsPairwise revealed preference relationsDirected graph with consistency checkPresence/absence of 2-cyclen-dimensionalAntisymmetry (required)NonePreferred, violatedPartial orderAbstract revealed-preference graphNo mutual dominance allowedMicro
StructurePreference orderingViolations or satisfaction of: GARPOptionsIndirect revealed preference relationsDirected graph with path consistencyCycle detection in transitive closuren-dimensionalAcyclicity (required)NonePath-consistent, violatingPartial orderAbstract revealed-preference graphNo cycles in transitive closureMicro
StructurePreference orderingViolations or satisfaction of: SARPOptionsStrict revealed preference relationsStrict directed graphNo directed cyclesn-dimensionalStrict acyclicityNoneStrictly preferredStrict orderAbstract strict-preference graphNo weak ties or cyclesMicro
StructurePreference orderingDominance relationsOptionsComponentwise dominance relationsPartial orderDAGn-dimensionalTransitivity, antisymmetryNoneDominant, dominatedPartial orderAttribute-comparison spaceNo self-dominanceMicro
StructurePreference orderingLexicographic choice patternsOptions, attributesPriority-based comparison relationsLexicographic orderOrdered layersn-dimensionalPriority invarianceLayeredPrimary, secondary, etc.Hierarchical orderAttribute-priority spaceFixed priority sequenceMicro
StructurePreference orderingTie / indifference observationsOptionsEquivalence relationsEquivalence classesDisjoint componentsn-dimensionalReflexivity, symmetry, transitivityNoneIndifferent elementsUnordered within classAbstract choice spaceEquivalence consistencyMicro
StructurePreference orderingMenu-dependent ranking stabilityOptions, menusRanking correspondence across menusMenu-indexed ordersCross-menu mappingn-dimensionalInvariance under menu restriction (if present)NoneStable, unstableConditional orderMenu-indexed ordering spaceConsistency across overlapping menusMicro
StructurePreference orderingContext-independent ordering behaviorOptionsOrdering relationsContext-invariant orderSingle connected ordern-dimensionalOrder invariance across contextsNoneOrdered elementsFixed orderAbstract ordering spaceSame order across contextsMicro
StructurePreference orderingRevealed weak vs strict preference distinctionsOptionsWeak and strict relationsLayered partial orderNested relationsn-dimensionalWeak–strict consistencyLayeredWeakly preferred, strictly preferredPartial order with tiersAbstract preference spaceStrict ⊂ weakMicro
StructureFeasible set geometryBudget setsFeasible bundlesFeasibility relationsConvex set (typical)Connected regionn-dimensional (goods space)Convexity (if present)NoneFeasible, infeasibleUnorderedCommodity spaceBoundary-defined admissibilityMicro
StructureFeasible set geometryPrice vectors faced by the agentGoods, pricesAssociation of goods to price coordinatesVector configurationProduct topologyn-dimensionalCoordinate permutation invarianceNonePrice coordinateUnorderedPrice spaceFixed dimensionalityMicro
StructureFeasible set geometryOpportunity frontiersFeasible bundlesBoundary relationsFrontier surfaceBoundary topologyn-dimensionalBoundary invarianceNoneBoundary, interiorUnorderedCommodity spaceFrontier admissibilityMicro
StructureFeasible set geometryAvailable action menusActionsInclusion relationsFinite or infinite setDiscrete or connectedn-dimensionalSet invarianceNoneAvailable, unavailableUnorderedAction spaceMembership admissibilityMicro
StructureFeasible set geometryConsumption possibility setsBundlesFeasibility relationsSet geometryConnected regionn-dimensionalFeasibility invarianceNoneFeasible, infeasibleUnorderedCommodity spaceSet admissibilityMicro
StructureFeasible set geometryDiscrete vs continuous choice setsOptionsAdjacency relationsDiscrete set or continuumDisconnected vs connectedn-dimensionalTopological classNoneDiscrete, continuousUnorderedChoice spaceCardinality restrictionMicro
StructureFeasible set geometryCorner solutions observedFeasible bundlesBoundary membership relationsExtreme-point configurationVertex topologyn-dimensionalBoundary invarianceNoneCorner, non-cornerUnorderedCommodity spaceExtreme-point admissibilityMicro
StructureFeasible set geometryInterior solutions observedFeasible bundlesInterior membership relationsInterior-point configurationOpen-set topologyn-dimensionalInterior invarianceNoneInterior, boundaryUnorderedCommodity spaceInterior admissibilityMicro
StructureFeasible set geometryBinding vs non-binding constraint realizationsFeasible sets, boundariesBoundary contact relationsBoundary-touching classificationBoundary vs interiorn-dimensionalContact invarianceNoneBinding, non-bindingUnorderedFeasible-set geometryBoundary contact requirementMicro
StructureFeasible set geometryChanges in feasible sets after exogenous shocksFeasible setsSet-inclusion relations across statesSet expansion / contraction patternNested-set topologyn-dimensionalSet-mapping invarianceNestedPre-shock, post-shockUnorderedCommodity spaceAdmissible set transformationMicro
StructureFeasible set geometryAvailability / stock constraintsGoods, quantitiesAvailability relationsBounded-set geometryTruncated regionn-dimensionalUpper-bound invarianceNoneAvailable, unavailableUnorderedCommodity spaceUpper-bound admissibilityMicro
StructureFeasible set geometryMenu expansion or contractionMenus, optionsSet-inclusion relationsNested-set patternInclusion topologyn-dimensionalInclusion invarianceNestedExpanded, contractedUnorderedMenu spaceAdmissible membershipMicro
StructureFeasible set geometryTechnological menus available to the agentTechnologies, actionsFeasibility relationsFeasible-action setConnected or discreten-dimensionalFeasibility invarianceNoneAvailable, unavailableUnorderedAction/technology spaceTechnological admissibilityMicro
StructureInformation partitionSignals received before choiceSignals, statesPartition relationsInformation partitionDisjoint cellsn-dimensionalPartition invarianceNoneSignal cellUnorderedInformation spaceMutual exclusivityMicro
StructureInformation partitionTiming of information arrivalInformation stagesPrecedence relationsOrdered stagesLinear order1D (stage order)Order invarianceLayeredEarly, lateFixed sequenceTemporal-stage spaceStage admissibilityMicro
StructureInformation partitionInformation disclosure eventsMessages, recipientsDisclosure relationsEvent-partition structureEvent-node connectivityn-dimensionalDisclosure invarianceNoneDisclosed, undisclosedUnorderedInformation-event spaceDisclosure admissibilityMicro
StructureInformation partitionChoice differences across information conditionsChoices, information conditionsCondition–choice correspondenceCondition-indexed mappingDisjoint condition domainsn-dimensionalMapping invarianceNoneCondition-specific choiceUnorderedCondition–choice spaceOne choice per conditionMicro
StructureInformation partitionState-contingent actionsStates, actionsState–action assignmentContingency mappingPartition-aligned mappingn-dimensionalState-label invarianceNoneAction per stateUnorderedState–action spaceExactly one action per stateMicro
StructureInformation partitionObserved inability to distinguish states (pooling behavior)StatesEquivalence relationsCoarsened partitionMerged cellsn-dimensionalIndistinguishability invarianceNestedPooled statesUnorderedInformation partition spaceCell merging admissibilityMicro
StructureInformation partitionObserved state differentiation (separating behavior)StatesDistinct-cell relationsRefined partitionFully separated cellsn-dimensionalDistinguishability invarianceNestedSeparate statesUnorderedInformation partition spaceOne state per cellMicro
StructureInformation partitionMenu choices conditional on signalsMenus, signalsSignal–menu correspondenceSignal-indexed menu mappingDisjoint signal domainsn-dimensionalSignal-label invarianceNoneMenu per signalUnorderedSignal–menu spaceOne menu per signalMicro
StructureInformation partitionRevelation vs concealment treatmentsInformation items, agentsDisclosure relationsBinary disclosure partitionDisjoint visible/hidden cellsn-dimensionalDisclosure-status invarianceNoneRevealed, concealedUnorderedInformation spaceMutual exclusivityMicro
StructureInformation partitionCoarse vs fine information environmentsStatesPartition refinement relationsCoarse–fine partition latticeNested partitionsn-dimensionalRefinement invarianceNestedCoarse cell, fine cellUnorderedState spaceAdmissible refinementMicro
StructureInformation partitionExperimental information treatmentsTreatments, signalsAssignment relationsTreatment–signal partitionDisjoint treatment cellsn-dimensionalTreatment-label invarianceNoneTreatment groupUnorderedExperimental information spaceOne signal structure per treatmentMicro
StructureInformation partitionAttention-constrained menus (what is seen vs unseen)OptionsVisibility relationsVisibility partitionSeen/unseen cellsn-dimensionalVisibility-status invarianceNoneVisible, hiddenUnorderedPerceptual choice spaceLimited visibility admissibilityMicro


3. Dynamics Observables

Every item listed:

If something:

…it does not belong here.

SAT – Evidence – Observables – Dynamics – Choice (Microeconomic Foundations)

Property CategoryPropertyObservableState VariableTime ParameterRate / Rule of ChangeDirection of ChangeTrajectory / PathTimescaleRegime / Stability ClassInitial ConditionTerminal / Attractor StateLag / InertiaPerturbation SensitivityReversibility
DynamicsInternal state evolutionSequences of choices over timeChoice stateDiscrete decision periodsTransition rule between choicesBidirectionalState sequenceDecision-to-decisionStable or switchingInitial choiceRecurrent or absorbing choiceDecision inertiaLocal sensitivity to perturbationsPath-dependent
DynamicsInternal state evolutionConsumption pathsConsumption levelContinuous or discrete timeDifference / update ruleIncreasing, decreasing, or oscillatoryTime seriesShort-to-medium termStable or cyclicalInitial consumptionSteady level or cycleAdjustment lagLocal sensitivityReversible (approx.)
DynamicsInternal state evolutionAsset accumulation or depletion over timeAsset levelContinuous or discrete timeAccumulation / depletion equationIncreasing or decreasingTime seriesLong-termStable or divergentInitial asset stockSteady state or boundaryStrong inertiaLow to moderate sensitivityPartially irreversible
DynamicsInternal state evolutionSavings vs spending trajectoriesSavings share / spending levelDiscrete periodsBudget update ruleBidirectionalPath in savings–spending spaceMedium-termStable or oscillatoryInitial allocationSteady allocationAdjustment lagModerate sensitivityPath-dependent
DynamicsInternal state evolutionState-contingent actions by the same agentAction stateEvent-indexed timeContingent transition ruleConditionalBranching state pathsEvent-drivenConditional regimesInitial stateState-specific attractorsConditional lagHigh sensitivity to state changesPath-dependent
DynamicsInternal state evolutionChanges in chosen bundles across periodsBundle choice stateDiscrete periodsTransition rule between bundlesBidirectionalBundle sequencePeriod-to-periodSwitching or stableInitial bundleRecurrent bundle or cycleChoice inertiaLocal sensitivityPath-dependent
DynamicsInternal state evolutionHabit persistence in choicesChoice propensity stateDiscrete periodsReinforcement update ruleDirectional persistenceSlowly evolving pathLong-termMetastableInitial habit stateHabitual steady stateHigh inertiaLow sensitivityPartially irreversible
DynamicsInternal state evolutionSwitching behavior across timeChoice stateDiscrete periodsSwitching transition ruleBidirectionalAlternating state pathShort-termUnstable or switchingInitial choiceNo fixed attractorLow inertiaHigh sensitivityReversible
DynamicsInternal state evolutionPath dependence in decisionsDecision stateDiscrete or event-indexedHistory-dependent update ruleConditionalHistory-dependent pathMedium-to-long termMultiple basinsInitial decisionPath-specific attractorStrong inertiaModerate sensitivityIrreversible
DynamicsInternal state evolutionRepeated selection of similar actionsAction choice stateDiscrete periodsPersistence ruleDirectional persistenceClustered action pathMedium-termStableInitial actionRecurrent action setModerate inertiaLow sensitivityPartially reversible
DynamicsInternal state evolutionChanges in effort supplied across periodsEffort level stateDiscrete periodsEffort adjustment ruleIncreasing or decreasingEffort time seriesMedium-termStable or oscillatoryInitial effort levelSteady effort levelModerate inertiaModerate sensitivityPartially reversible
DynamicsInternal state evolutionInventory drawdown or buildupInventory level stateDiscrete or continuous timeAccumulation / depletion ruleIncreasing or decreasingInventory pathMedium-to-long termStable or boundary-constrainedInitial inventory levelSteady level or exhaustionHigh inertiaLow sensitivityPartially irreversible
DynamicsLearning within the agentChanges in choice behavior following own past outcomesChoice policy stateDiscrete periodsOutcome-based update ruleDirectional adaptationAdaptive pathMedium-termAdaptive / metastableInitial policyLocally stable policyAdjustment lagModerate sensitivityPath-dependent
DynamicsLearning within the agentReduced choice variability over timeChoice variability stateDiscrete periodsVariance-reduction ruleDecreasingConvergent pathMedium-termConvergentInitial variabilityLow-variability stateHigh inertiaLow sensitivityIrreversible
DynamicsLearning within the agentIncreased consistency in repeated decisionsConsistency stateDiscrete periodsConsistency reinforcement ruleIncreasingConvergent trajectoryMedium-termStableInitial consistencyHigh-consistency attractorHigh inertiaLow sensitivityPartially reversible
DynamicsLearning within the agentTrial-and-error behaviorAction-selection stateDiscrete trialsError-correction update ruleBidirectionalIrregular exploratory pathShort-termAdaptive / switchingInitial actionLocally stable actionLow inertiaHigh sensitivityReversible
DynamicsLearning within the agentExploration followed by exploitationExploration intensity stateDiscrete periodsDecay-to-focus ruleDecreasing explorationTwo-phase trajectoryMedium-termPhase-shiftedHigh-exploration startExploitative steady stateModerate inertiaModerate sensitivityPartially irreversible
DynamicsLearning within the agentAbandonment of previously chosen optionsOption-usage stateDiscrete periodsDeactivation ruleDecreasingExit pathMedium-termAbsorbing (abandoned)Initial option setReduced option setHigh inertiaLow sensitivityIrreversible
DynamicsLearning within the agentAdoption of previously unchosen optionsOption-usage stateDiscrete periodsActivation ruleIncreasingEntry pathMedium-termExpansiveInitial option setExpanded option setModerate inertiaModerate sensitivityReversible
DynamicsLearning within the agentResponse to realized payoffsChoice policy stateDiscrete periodsPayoff-conditioned update ruleDirectional adaptationFeedback-driven pathMedium-termAdaptiveInitial policyLocally stable policyAdjustment lagHigh sensitivityPath-dependent
DynamicsLearning within the agentAdjustment after mistakes or lossesChoice policy stateDiscrete periodsError-driven update ruleDirectional correctionCorrective pathShort-to-medium termAdaptiveInitial policyLocally stable policyModerate inertiaHigh sensitivityPath-dependent
DynamicsLearning within the agentPerformance improvement across repetitionsPerformance stateDiscrete trialsIncremental improvement ruleIncreasingConvergent trajectoryMedium-termConvergentInitial performancePerformance plateauHigh inertiaLow sensitivityPartially irreversible
DynamicsLearning within the agentExperience-dependent switching ratesSwitching propensity stateDiscrete periodsExperience-conditioned update ruleIncreasing or decreasingAdaptive switching pathMedium-termAdaptiveInitial propensityExperience-stable levelModerate inertiaModerate sensitivityPath-dependent
DynamicsDiscounting / time preferenceChoice between sooner vs later rewardsTemporal choice stateEvent-indexed timeIntertemporal update ruleConditionalBranching temporal pathMedium-termConditionalInitial temporal preferenceStable temporal patternModerate inertiaHigh sensitivityPartially reversible
DynamicsDiscounting / time preferenceDelay acceptance or rejectionDelay tolerance stateEvent-indexed timeThreshold-based update ruleBidirectionalThreshold-crossing pathMedium-termSwitchingInitial toleranceAccepted or rejected stateLow inertiaHigh sensitivityReversible
DynamicsDiscounting / time preferenceIntertemporal consumption allocationConsumption allocation stateDiscrete periodsIntertemporal allocation update ruleReallocation across periodsAllocation pathMedium-to-long termStable or adaptiveInitial allocationSteady allocation patternModerate inertiaModerate sensitivityPartially reversible
DynamicsDiscounting / time preferenceSaving vs immediate consumption decisionsSaving propensity stateDiscrete periodsAllocation-switching ruleBidirectionalAlternating or convergent pathMedium-termSwitching or stableInitial propensityDominant allocation modeModerate inertiaHigh sensitivityPath-dependent
DynamicsDiscounting / time preferenceEarly vs delayed payoff selectionTemporal choice stateEvent-indexed timeChoice-update ruleConditionalBranching temporal pathMedium-termConditionalInitial temporal choiceStable selection patternLow inertiaHigh sensitivityReversible
DynamicsDiscounting / time preferencePreference reversals over timeTemporal preference stateDiscrete periodsReversal-trigger ruleDirectional switchingNon-monotonic pathMedium-termUnstable / switchingInitial preferenceNo fixed attractorLow inertiaHigh sensitivityReversible
DynamicsDiscounting / time preferenceProcrastination behaviorAction deferral stateEvent-indexed timeDelay-extension ruleIncreasing delayDeferral pathMedium-termMetastableInitial deferralAbsorbing deferral stateHigh inertiaLow sensitivityIrreversible
DynamicsDiscounting / time preferenceWaiting behaviorWaiting tolerance stateEvent-indexed timeTolerance update ruleIncreasing or decreasingTolerance pathMedium-termStable or metastableInitial toleranceStable waiting levelModerate inertiaModerate sensitivityPartially reversible
DynamicsDiscounting / time preferenceDrop-off rates as delay increasesParticipation stateContinuous or discrete delayDelay-dependent attrition ruleDecreasing participationMonotone decay pathShort-to-medium termStableFull participationAbsorbing drop-offLow inertiaHigh sensitivityIrreversible
DynamicsDiscounting / time preferenceFront-loading vs back-loading of consumptionConsumption timing stateDiscrete periodsTiming reallocation ruleReallocation toward early or lateTiming-allocation pathMedium-termStable or switchingInitial timing patternDominant timing patternModerate inertiaModerate sensitivityPartially reversible
DynamicsDiscounting / time preferenceTiming of effort exertionEffort timing stateEvent-indexed timeTiming-shift ruleEarlier or later effortEffort-timing pathShort-to-medium termAdaptiveInitial effort timingStable timing patternLow inertiaHigh sensitivityReversible
DynamicsDiscounting / time preferenceTime-dependent switching pointsSwitching threshold stateDiscrete periodsThreshold update ruleDirectional shiftMoving-threshold pathMedium-termAdaptiveInitial thresholdStabilized thresholdModerate inertiaModerate sensitivityPath-dependent


4. Interaction Observables

Observable Set

There are no admissible observables.

Why the Observable Set Is Empty

An observable in Interaction would require:

All of those violate the Choice domain axiom.

So the correct observable list is:

∅ (empty set)

Important Clarification (to prevent future drift)

The moment an observable requires another decision-maker, it exits Choice and enters Interaction (Markets, Strategy & Mechanisms).

SAT – Evidence – Observables – Interaction – Choice (Microeconomic Foundations)

Property CategoryPropertyObservableSource EntityTarget EntityDirectionalityInteraction TypeCoupling StrengthSign / PolarityInteraction ScopeMediation ChannelLatency / DelayFeedback PresenceContext DependenceStability of Interaction
InteractionNONE (zero interdependence)NONE (zero interdependence)


5. Constraint Observables

Every item listed:

If something:

…it does not belong here.

SAT – Evidence – Observables – Constraint – Choice (Microeconomic Foundations)

Property CategoryPropertyObservableConstrained Entity / VariableConstraint TypeForbidden StatesPermitted RegionBoundary DefinitionBinding StatusUniversality / ScopeConstraint OriginHardnessTolerance / SlackInteraction with Other ConstraintsEnforcement Condition
ConstraintBudget constraintPrices faced by the agentPurchase configurationsBoundaryExpenditures exceeding price scheduleExpenditures consistent with pricesPrice–quantity inequalityConditionalContext-specificInstitutionalHardNoneNested with income constraintTransaction infeasibility
ConstraintBudget constraintIncome receivedConsumption expenditureCapacitySpending beyond available incomeSpending ≤ incomeIncome capConditionalContext-specificInstitutionalHardNoneNested with prices and transfersAccounting inconsistency
ConstraintBudget constraintTransfers receivedAvailable spendingCapacitySpending excluding transfersSpending including transfersTransfer-adjusted income boundConditionalContext-specificInstitutionalHardNoneNested with income constraintAccounting inconsistency
ConstraintBudget constraintTaxes paidNet disposable incomeBoundarySpending ignoring tax obligationsPost-tax spending setTax-adjusted income inequalityConditionalContext-specificInstitutionalHardNoneNested with income and transfer constraintsRule breach detection
ConstraintBudget constraintFees paidNet expenditure capacityBoundarySpending ignoring mandatory feesFee-adjusted spending setFee-adjusted budget inequalityConditionalContext-specificInstitutionalHardNoneNested with prices and taxesRule breach detection
ConstraintBudget constraintCredit limitsExpenditure configurationCapacitySpending beyond credit ceilingSpending ≤ credit limitCredit ceiling inequalityConditionalContext-specificInstitutionalHardNoneNested with income constraintAccounting inconsistency
ConstraintBudget constraintCash-on-handImmediate spending actionsCapacityPurchases exceeding available cashPurchases ≤ cash-on-handCash balance thresholdConditionalLocalInstitutionalHardNoneNested with price constraintTransaction infeasibility
ConstraintBudget constraintBinding vs non-binding budget outcomes (revealed)Choice configurationsAdmissibilityChoices outside feasible setChoices within feasible setBudget boundary contactConditionalContext-specificInstitutionalHardNoneCombined with prices/incomeFeasibility violation
ConstraintBudget constraintForegone options due to insufficient resourcesOption availabilityExclusivityResource-infeasible optionsResource-feasible optionsBudget exclusion boundaryBindingLocalInstitutionalHardNoneNested with budget setOption infeasibility
ConstraintBudget constraintRejected choices due to lack of fundsAction selectionAdmissibilityActions requiring unavailable fundsFund-feasible actionsBudget admissibility edgeBindingLocalInstitutionalHardNoneNested with cash and creditTransaction rejection
ConstraintBudget constraintCorner solutions caused by budget exhaustionChoice configurationBoundaryInterior choices beyond budgetBoundary-feasible choicesBudget exhaustion boundaryBindingContext-specificInstitutionalHardNoneNested with price constraintsFeasibility violation
ConstraintBudget constraintPartial purchases due to insufficient budgetPurchase actionCapacityFull purchase beyond budgetPartial purchase within budgetResidual-budget thresholdBindingLocalInstitutionalHardLimited (discrete divisibility)Nested with price and cash constraintsTransaction infeasibility
ConstraintTechnological constraintActions available to the agentAction setAdmissibilityActions not supported by technologyTechnologically feasible actionsFeasibility domain edgeNon-bindingContext-specificPhysical / InstitutionalHardNoneIndependent or nestedLogical impossibility
ConstraintTechnological constraintActions unavailable to the agentAction setExclusivityTechnologically infeasible actionsSupported actions onlyFeasibility exclusion boundaryBindingUniversal (given tech)Physical / InstitutionalHardNoneIndependentPhysical impossibility
ConstraintTechnological constraintSuccessful vs failed attemptsAction executionAdmissibilityFailed executionsSuccessful executionsExecution feasibility boundaryConditionalLocalPhysicalHardNoneNested with action availabilityExecution failure detection
ConstraintTechnological constraintMaximum producible quantitiesOutput configurationCapacityOutput beyond technical maximumOutput ≤ technical maximumCapacity ceilingBindingContext-specificPhysicalHardNoneNested with input constraintsPhysical impossibility
ConstraintTechnological constraintConversion limits (inputs → outputs, observed)Input–output mappingsConservationOutput without required inputsTechnically feasible conversionsConversion feasibility surfaceBindingContext-specificPhysicalHardNoneNested with input availabilityPhysical impossibility
ConstraintTechnological constraintCapability ceilingsAction performance stateCapacityActions exceeding capabilityCapability-feasible actionsCapability thresholdBindingContext-specificPhysicalHardNoneIndependent or nestedPhysical impossibility
ConstraintTechnological constraintDiscrete vs continuous action availabilityAction spaceAdmissibilityNon-supported action formsSupported discrete/continuous actionsAction-space topology edgeNon-bindingContext-specificPhysical / LogicalHardNoneIndependentLogical inconsistency
ConstraintTechnological constraintRequired inputs for outcomes (observed)Outcome realizationAdmissibilityOutcomes without prerequisite inputsInput-supported outcomesInput requirement boundaryBindingContext-specificPhysicalHardNoneNested with budget and techPhysical impossibility
ConstraintTechnological constraintInfeasible outcomes never realizedOutcome realizationsAdmissibilityTechnologically impossible outcomesTechnically feasible outcomesFeasibility exclusion boundaryBindingUniversal (given technology)PhysicalHardNoneIndependentPhysical impossibility
ConstraintTechnological constraintTool or method availabilityAction executionAdmissibilityActions requiring unavailable toolsTool-supported actionsTool-availability boundaryBindingContext-specificPhysical / InstitutionalHardNoneNested with capability constraintsExecution impossibility
ConstraintTime constraintTime available per periodAction schedulingCapacityActions exceeding time endowmentTime-feasible schedulesTime-budget ceilingBindingUniversal (per period)PhysicalHardNoneNested with action constraintsScheduling infeasibility
ConstraintTime constraintDuration of actionsAction executionBoundaryActions exceeding allowable durationDuration-feasible actionsDuration thresholdConditionalContext-specificPhysicalHardLimitedNested with deadlinesTimeout recognition
ConstraintTime constraintDeadlines facedAction completionBoundaryActions completed after deadlineOn-time completionsDeadline cutoffBindingContext-specificInstitutional / PhysicalHardNoneNested with duration and time budgetsDeadline violation
ConstraintTime constraintWaiting timesAction initiationBoundaryInitiation before waiting requirementInitiation after required waitMinimum-wait thresholdConditionalContext-specificPhysical / InstitutionalHardNoneNested with deadlinesEarly-action detection
ConstraintTime constraintTime spent on activitiesActivity allocationCapacityAllocations exceeding time budgetTime-feasible allocationsTime-budget ceilingBindingUniversal (per period)PhysicalHardNoneNested with action sequencingScheduling infeasibility
ConstraintTime constraintActions foregone due to lack of timeAction selectionExclusivityActions requiring unavailable timeTime-feasible actionsTime-availability boundaryBindingLocalPhysicalHardNoneNested with time budgetInability to schedule
ConstraintTime constraintSequencing imposed by time limitsAction orderOrderingOrders violating time precedenceTime-consistent sequencesPrecedence constraintBindingContext-specificPhysical / InstitutionalHardNoneNested with duration constraintsOrder violation
ConstraintTime constraintMissed opportunities due to delayOpportunity accessBoundaryOpportunities accessed after expiryTimely access setOpportunity-expiry cutoffBindingContext-specificInstitutionalHardNoneNested with waiting and deadlinesExpiry recognition
ConstraintTime constraintTruncated actions caused by time limitsAction executionBoundaryCompletion beyond time limitPartial or completed actions within limitTime cutoffBindingContext-specificPhysical / InstitutionalHardLimitedNested with duration constraintsTimeout detection
ConstraintTime constraintHorizon endpoints (last feasible period)Action schedulingBoundaryActions initiated after horizonActions within horizonHorizon endpointBindingContext-specificInstitutionalHardNoneNested with time budgetPeriod-expiry recognition
ConstraintPhysical or logical feasibilityActions never taken because impossibleAction spaceAdmissibilityPhysically or logically impossible actionsFeasible actions onlyFeasibility exclusion boundaryBindingUniversalPhysical / LogicalHardNoneIndependentImpossibility recognition
ConstraintPhysical or logical feasibilityAttempted actions that failAction executionAdmissibilityFailed executionsSuccessful executionsExecution feasibility boundaryConditionalContext-specificPhysical / LogicalHardNoneNested with capability constraintsFailure detection
ConstraintPhysical or logical feasibilityPhysical impossibility eventsOutcome realizationAdmissibilityImpossible outcomesPhysically realizable outcomesPhysical feasibility boundaryBindingUniversalPhysicalHardNoneIndependentPhysical impossibility detection
ConstraintPhysical or logical feasibilityLogical exclusions (mutually exclusive actions)Action combinationsExclusivityJoint execution of exclusive actionsNon-conflicting action setsMutual-exclusion boundaryBindingUniversalLogicalHardNoneIndependentLogical inconsistency
ConstraintPhysical or logical feasibilityHard prohibitions (cannot co-occur)Action configurationsProhibitionProhibited co-occurring actionsAllowed configurationsProhibition boundaryBindingUniversalInstitutional / LogicalHardNoneIndependentRule violation detection
ConstraintPhysical or logical feasibilityDomain exclusions (action not in menu)Action selectionAdmissibilityActions outside domain/menuMenu-contained actionsDomain boundaryBindingContext-specificLogical / InstitutionalHardNoneNested with menu constraintsInvalid-selection detection
ConstraintPhysical or logical feasibilityBinary feasibility outcomes (possible / impossible)Action feasibility stateAdmissibilityImpossible actionsPossible actionsFeasibility partitionBindingUniversalPhysical / LogicalHardNoneIndependentFeasibility check
ConstraintPhysical or logical feasibilityObserved impossibility boundariesState or action spaceBoundaryStates beyond feasible limitFeasible regionImpossibility boundaryBindingUniversalPhysical / LogicalHardNoneIndependentBoundary violation
ConstraintPhysical or logical feasibilityFailed execution attemptsAction executionAdmissibilityFailed executionsSuccessful executionsExecution feasibility boundaryConditionalContext-specificPhysical / LogicalHardNoneNested with capability constraintsFailure detection
ConstraintPhysical or logical feasibilityInvalid action selections rejected by the environmentAction selectionAdmissibilityInvalid selectionsValid selectionsValidity boundaryBindingContext-specificLogical / InstitutionalHardNoneNested with domain constraintsRejection signal


6. Information Observables

Every item listed:

If something:

…it does not belong here.

SAT – Evidence – Observables – Information – Choice (Microeconomic Foundations)

Property CategoryPropertyObservableInformation ContentCarrier / MediumUncertaintyResolution / GranularitySignal vs Noise DistinctionObservability / AccessibilityEncoding SchemeUpdate / Learning RulePredictive PowerComplexity MeasureRedundancy / CorrelationDefinability / Expressibility
InformationBeliefs about statesChoices contingent on different realized statesState–action distinctionsInternal belief representationAmbiguity over state realizationDiscrete state distinctionsState signals vs irrelevant variationPartially observableState–action mappingEvidence-conditioned revisionPredictive of action under stateModerate description lengthCorrelated across statesDefinable within state space
InformationBeliefs about statesState-contingent actionsMapping from states to actionsInternal belief representationUncertainty over state identityState-level granularityState signal vs noisePartially observableContingency mappingConditional updatingPredictive of chosen actionModerateRedundant across similar statesDefinable
InformationBeliefs about statesBetting behaviorSubjective likelihood distinctionsInternal belief representationProbabilistic uncertaintyOutcome-level granularityOutcome signal vs randomnessObservable via choiceProbability encodingOutcome-based updatePredictive of beliefsModerateCorrelated with related betsDefinable
InformationBeliefs about statesInsurance purchase or non-purchaseLoss-state likelihood distinctionsInternal belief representationRisk uncertaintyBinary loss/no-lossLoss signal vs background riskObservable via choiceBinary threshold encodingExperience-based updatePredictive of loss beliefLowCorrelated with other risk choicesDefinable
InformationBeliefs about statesPortfolio allocation choicesBeliefs over return statesInternal belief representationDistributional uncertaintyAsset-return granularityReturn signal vs noiseObservable via allocationDistributional encodingPerformance-based updatePredictive of future allocationHighCorrelated across assetsDefinable
InformationBeliefs about statesAcceptance or rejection under uncertaintyAccept/reject distinctions conditional on statesInternal belief representationOutcome ambiguityBinary outcome granularityOutcome-relevant signal vs noiseObservable via choiceBinary decision encodingEvidence-conditioned revisionPredictive of decision boundaryLowCorrelated with similar choicesDefinable
InformationBeliefs about statesConditional choices following signalsSignal–action distinctionsInternal belief representationSignal uncertaintySignal-level granularitySignal vs irrelevant variationPartially observableSignal–action mappingSignal-based updatingPredictive of response to signalModerateCorrelated across related signalsDefinable
InformationBeliefs about statesActions taken after information revelationPre/post information distinctionsInternal belief representationReduced post-revelation uncertaintyEvent-level granularityInformative event vs backgroundObservable via choiceEvent-conditioned encodingRevelation-based updatePredictive of post-event actionModerateCorrelated across similar eventsDefinable
InformationBeliefs about statesHedging behaviorJoint-state exposure distinctionsInternal belief representationDistributional uncertaintyMulti-state granularityRisk-relevant signal vs noiseObservable via allocationDistributional encodingOutcome-based updatingPredictive of variance exposureHighCorrelated across assets/statesDefinable
InformationBeliefs about statesSafety-seeking choicesDownside-state distinctionsInternal belief representationLoss-focused uncertaintyCoarse downside granularityDownside signal vs backgroundObservable via choiceThreshold-based encodingExperience-based updatePredictive of conservative actionsLow to moderateCorrelated with other safety choicesDefinable
InformationBeliefs about statesContingent contracts selectedState–payoff contingenciesInternal belief representationState uncertaintyContract-state granularityContract-relevant signal vs noiseObservable via choiceContingency encodingEvidence-conditioned revisionPredictive of state beliefsModerateCorrelated across contract choicesDefinable
InformationBeliefs about statesMenu choices conditioned on uncertaintyMenu–uncertainty distinctionsInternal belief representationMenu-level ambiguityMenu-level granularityInformative uncertainty vs noiseObservable via choiceMenu-selection encodingExperience-based updatePredictive of uncertainty responseModerateCorrelated across menusDefinable
InformationInformation qualityNumber of distinct signals receivedSignal count distinctionsSignal medium / recordSignal uncertaintyDiscrete signal granularitySignal identification vs noiseObservableCount-based encodingAccumulation updatePredictive of information richnessLowPotentially redundant signalsDefinable
InformationInformation qualityTiming of signal arrivalSignal timing distinctionsSignal medium / recordTemporal uncertaintyEvent-time granularityTimely signal vs delay noiseObservableTemporal encodingTime-conditioned updatePredictive of reaction timingLow to moderateCorrelated across signalsDefinable
InformationInformation qualityPresence or absence of informationInformation availability distinctionSignal mediumBinary uncertainty (known/unknown)Binary granularityInformation vs absenceObservable / hiddenBinary availability encodingAvailability-based updatePredictive of action under ignoranceLowRedundant across contextsDefinable
InformationInformation qualityDelayed vs immediate informationTiming distinction of information availabilitySignal medium / recordTemporal uncertaintyEvent-time granularityTimely signal vs delay noiseObservableTemporal availability encodingTime-conditioned updatePredictive of timing-sensitive choicesLow to moderateCorrelated across signalsDefinable
InformationInformation qualityNoisy vs clear signal realizations (as delivered)Signal quality distinctionsSignal mediumNoise/ambiguityFine vs coarse signal granularitySignal clarity vs noise characterizationObservableQuality-weighted encodingNoise-filtering updatePredictive of response accuracyModerateCorrelated across similar signalsDefinable
InformationInformation qualityInformation disclosure eventsDisclosure state distinctionsCommunication mediumUncertainty reductionEvent-level granularityDisclosed content vs backgroundObservableEvent-flag encodingDisclosure-based updatePredictive of post-disclosure behaviorModerateRedundant across channelsDefinable
InformationInformation qualityMenu changes caused by information releaseMenu–information linkage distinctionsDecision interfaceConditional uncertaintyMenu-level granularityInformation-driven menu change vs noiseObservableConditional menu encodingRevelation-conditioned updatePredictive of menu-dependent choiceModerateCorrelated across releasesDefinable
InformationInformation qualityDifferences in choice across information treatmentsTreatment–choice distinctionsExperimental recordTreatment uncertaintyTreatment-level granularityTreatment signal vs uncontrolled variationObservableTreatment-indexed encodingTreatment-based updatePredictive of information effectsModerateCorrelated within treatment groupsDefinable
InformationInformation qualityObserved confusion vs clarity responsesConfused vs clear informational statesSignal medium / presentation interfaceAmbiguity levelCoarse vs fine distinctionsClear signal vs ambiguous noiseObservable via response patternsClarity-coded encodingExperience-conditioned revisionPredictive of response consistencyLow to moderateCorrelated across similar presentationsDefinable
InformationInformation qualityAttention-limited visibility of optionsVisible vs unseen option distinctionsDecision interfacePartial observabilityOption-level granularityAttended signals vs unattended noisePartially observableVisibility-filtered encodingAttention-updating rulePredictive of option considerationModerateCorrelated across option setsDefinable
InformationInformation qualityWithheld vs revealed attributesAttribute availability distinctionsInformation display mediumAttribute uncertaintyAttribute-level granularityRevealed attributes vs hidden noisePartially observableAttribute-mask encodingRevelation-conditioned updatePredictive of attribute-sensitive choiceModerateCorrelated across attributesDefinable
InformationPerceived uncertaintyRisk-averse vs risk-seeking choice patternsPerceived outcome spread distinctionsInternal belief representationPerceived risk uncertaintyDistributional granularityRisk-relevant signal vs backgroundObservable via choiceDistributional encodingExperience-based updatePredictive of variance exposureHighCorrelated across risky choicesDefinable
InformationPerceived uncertaintyDemand for certaintyCertainty vs uncertainty distinctionsInternal belief representationAmbiguity aversionBinary or coarse granularityCertain outcomes vs ambiguous noiseObservable via choiceCertainty-preference encodingFeedback-based updatePredictive of information-seekingLow to moderateCorrelated with safety choicesDefinable
InformationPerceived uncertaintyPreference for sure outcomesCertain vs uncertain outcome distinctionsInternal belief representationLow vs high perceived uncertaintyBinary or coarse outcome granularityCertain signal vs uncertain noiseObservable via choiceCertainty-flag encodingExperience-conditioned updatePredictive of safe-option selectionLowCorrelated with ambiguity avoidanceDefinable
InformationPerceived uncertaintyAvoidance of ambiguous optionsAmbiguous vs non-ambiguous option distinctionsInternal belief representationAmbiguity uncertaintyOption-level granularityAmbiguity signal vs background noiseObservable via choiceAmbiguity-coded encodingFeedback-based updatePredictive of option exclusionModerateCorrelated across ambiguous optionsDefinable
InformationPerceived uncertaintyOption elimination under uncertaintyFeasible-option belief distinctionsInternal belief representationUnresolved uncertaintyMenu-level granularityEliminated vs retained optionsObservable via choiceElimination-mask encodingUncertainty-driven updatePredictive of reduced consideration setsModerateCorrelated within menusDefinable
InformationPerceived uncertaintyDemand for additional informationInformation sufficiency distinctionsInternal belief representationResidual uncertaintyEvent-level granularityInformative signal vs insufficient noiseObservable via information requestsSufficiency-threshold encodingInformation-acquisition updatePredictive of search or delayLow to moderateCorrelated with uncertainty levelsDefinable
InformationPerceived uncertaintyWillingness to delay to reduce uncertaintyDelay–uncertainty tradeoff distinctionsInternal belief representationTemporal uncertaintyEvent-time granularityUncertain-now vs clearer-later signalObservable via timing choiceDelay-for-information encodingAnticipatory updatePredictive of delay acceptanceModerateCorrelated with information demandDefinable
InformationPerceived uncertaintyConservative action selectionDownside-dominant outcome distinctionsInternal belief representationElevated perceived riskCoarse outcome granularityDownside-relevant signal vs background noiseObservable via choiceConservative-action encodingExperience-conditioned updatePredictive of cautious actionsLowCorrelated with safety-seeking choicesDefinable
InformationPerceived uncertaintyDiversification behaviorCross-state exposure distinctionsInternal belief representationDistributional uncertaintyMulti-asset/state granularityRisk-spreading signal vs idiosyncratic noiseObservable via allocationDistributional encodingOutcome-based updatingPredictive of variance reductionHighCorrelated across assetsDefinable
InformationPerceived uncertaintyInsurance uptake thresholdsLoss-probability threshold distinctionsInternal belief representationTail-risk uncertaintyBinary or threshold granularityLoss-relevant signal vs background noiseObservable via purchase choiceThreshold-based encodingExperience-based updatePredictive of insurance adoptionModerateCorrelated with other risk protectionsDefinable
InformationPerceived uncertaintyAmbiguity-sensitive switchingAmbiguity-triggered action distinctionsInternal belief representationAmbiguity uncertaintyOption-level granularityAmbiguity signal vs noiseObservable via choice changesAmbiguity-responsive encodingAmbiguity-driven updatePredictive of switching patternsModerateCorrelated across ambiguous contextsDefinable
InformationPerceived uncertaintyRefusal to act without informationAction-permission distinctions under ignoranceInternal belief representationMaximal perceived uncertaintyBinary action/no-action granularityInformation-present signal vs absenceObservable via inactionInformation-gate encodingAvailability-conditioned updatePredictive of inaction under ignoranceLowCorrelated with information demandDefinable


7. Evaluation Observables

Every item listed:

If something:

…it does not belong here.

SAT – Evidence – Observables – Evaluation – Choice (Microeconomic Foundations)

Property CategoryPropertyObservableEvaluated Entity / StateEvaluation CriterionComparator / ReferenceOrdering TypeDirection of PreferenceAggregation RuleContext / Domain of ValidityOptimality ConceptTradeoff StructureTolerance / Acceptability MarginStability of EvaluationJustification Type
EvaluationUtility / value functionChosen outcomes over rejected outcomesOutcomePreferenceRejected outcomesBinary acceptable / unacceptableChosen is betterImplicit (single criterion)Choice contextLocal optimumOpportunity costIndifference band (if any)FixedAxiomatic
EvaluationUtility / value functionRepeated selection of the same optionOptionConsistency of preferenceAlternative optionsRankingRepeatedly chosen is betterImplicitRepeated-choice contextSatisficing or local optimumForegone alternativesSmall deviations toleratedFixedAxiomatic
EvaluationUtility / value functionTradeoffs accepted between attributes (e.g., more of X for less of Y)Outcome configurationAttribute valuationAlternative attribute bundlesPartial orderDirection defined by tradeoffWeighted combinationAttribute-tradeoff contextLocal optimumExplicit attribute tradeoffsIndifference bandFixedAxiomatic
EvaluationUtility / value functionSacrifices accepted to obtain preferred outcomesOutcome trajectoryNet preferenceLess-preferred feasible outcomesRankingPreferred outcome is betterImplicitSacrifice-allowing contextSatisficingOpportunity costAcceptable sacrifice marginFixedAxiomatic
EvaluationUtility / value functionOption abandonment in favor of alternativesOption setRelative preferenceAbandoned optionRankingAlternative is betterImplicitMenu-change contextLocal optimumSwitching costSmall loss toleranceFixedAxiomatic
EvaluationUtility / value functionPersistence in pursuing certain outcomesOutcome trajectoryPreference persistenceAlternative outcomesRankingPersisted outcome is betterImplicitRepeated-choice contextSatisficingForegone alternativesSmall deviation toleratedFixedAxiomatic
EvaluationUtility / value functionWillingness to incur costs for specific outcomesOutcomeNet preferenceLower-cost alternativesRankingPreferred outcome outweighs costImplicitCost-incurring contextLocal optimumExplicit cost–benefit tradeoffAcceptable cost marginFixedAxiomatic
EvaluationUtility / value functionThreshold behavior (won’t choose below X)OutcomeMinimum acceptabilityThreshold baselineBinary acceptable / unacceptableAbove-threshold is betterThreshold-basedThreshold-evaluation contextSatisficingDiscrete cutoffIndifference band at thresholdFixedAxiomatic
EvaluationUtility / value functionOption dominance in repeated choicesOptionDominanceOther optionsTotal or partial orderDominant option is betterImplicitRepeated-menu contextLocal optimumOpportunity costSmall deviations toleratedFixedAxiomatic
EvaluationUtility / value functionOutcome substitution behaviorOutcome configurationRelative valuationReplaced outcomePartial orderSubstitute preferred over replacedImplicitSubstitution contextLocal optimumSubstitution tradeoffIndifference bandFixedAxiomatic
EvaluationRisk attitudeChoice of risky vs safe optionsOutcomeRisk preferenceSafe alternativeBinary acceptable / unacceptable or rankingLower risk preferred (risk-averse) or higher risk preferred (risk-seeking)ImplicitRisky-choice contextSatisficing or local optimumRisk–return tradeoffIndifference bandFixedAxiomatic
EvaluationRisk attitudeInsurance purchase or refusalOutcomeRisk reductionUninsured baselineBinary acceptable / unacceptableInsured state preferred (if risk-averse)ImplicitLoss-risk contextSatisficingPremium vs loss tradeoffAcceptable premium marginFixedAxiomatic
EvaluationRisk attitudeAcceptance or rejection of lotteriesOutcomeExpected risk acceptabilityCertain outcomeBinary acceptable / unacceptableAccepted lottery preferredImplicitLottery-choice contextSatisficingRisk vs certainty tradeoffAcceptance thresholdFixedAxiomatic
EvaluationRisk attitudeDiversification vs concentration choicesOutcome configurationRisk spreadingConcentrated allocationPartial orderDiversified preferred (if risk-averse)ImplicitPortfolio-choice contextLocal optimumVariance–return tradeoffIndifference bandFixedAxiomatic
EvaluationRisk attitudeAvoidance of uncertain optionsOptionUncertainty aversionCertain optionRankingCertain option preferredImplicitAmbiguous-choice contextSatisficingUncertainty avoidanceZero-tolerance zoneFixedAxiomatic
EvaluationRisk attitudePreference for guaranteed outcomesOutcomeCertainty preferenceRisky alternativeRanking or binary acceptable/unacceptableGuaranteed outcome preferredImplicitUncertain-outcome contextSatisficingCertainty vs risk tradeoffIndifference bandFixedAxiomatic
EvaluationRisk attitudeSwitching behavior when uncertainty increasesChoice patternRisk sensitivityLower-uncertainty choicePartial orderLower uncertainty preferredImplicitRising-uncertainty contextLocal optimumRisk escalation tradeoffSwitching thresholdFixedAxiomatic
EvaluationRisk attitudeDemand for certainty premiumsOutcomeCertainty valuationRisky baselineRankingHigher certainty preferredImplicitCompensation-for-risk contextSatisficingPremium vs risk tradeoffAcceptable premium marginFixedAxiomatic
EvaluationRisk attitudeRefusal to engage under uncertaintyAction/outcomeUncertainty aversionParticipation baselineBinary acceptable/unacceptableNon-engagement preferredImplicitHigh-uncertainty contextSatisficingParticipation vs uncertaintyZero-tolerance zoneFixedAxiomatic
EvaluationRisk attitudeConsistent gambling or avoidance behaviorChoice trajectoryRisk dispositionAlternative risk postureRankingGambling or avoidance preferredImplicitRepeated-risk contextLocal optimumRisk–return tradeoffIndifference bandFixedAxiomatic
EvaluationTime preferenceChoice of sooner vs later rewardsReward outcomeTemporal preferenceDelayed alternativeRanking or binary acceptable/unacceptableSooner or later preferredImplicitIntertemporal choice contextSatisficing or local optimumTime–reward tradeoffIndifference bandFixedAxiomatic
EvaluationTime preferenceSaving vs immediate consumptionConsumption allocationIntertemporal valuationImmediate-consumption baselineRankingFuture consumption preferred (if patient)ImplicitConsumption–saving contextLocal optimumPresent vs future tradeoffAcceptable delay marginFixedAxiomatic
EvaluationTime preferenceDelay acceptance or rejectionDelayed outcomeDelay toleranceImmediate alternativeBinary acceptable/unacceptableAcceptable delay preferredThreshold-basedDelay-evaluation contextSatisficingDelay–benefit cutoffDelay thresholdFixedAxiomatic
EvaluationTime preferencePreference reversals over timeOutcome orderingTemporal consistencyPrior orderingPartial or inconsistent orderLater preference overrides earlierImplicitTime-varying contextLocal optimum (contextual)Inconsistent tradeoffIndifference overlapVariableBehavioral
EvaluationTime preferenceProcrastination behaviorAction timingTemporal valuationImmediate-action baselineRankingDelay preferred over immediateImplicitTask-timing contextSatisficingEffort–delay tradeoffDelay tolerance zoneFixedAxiomatic
EvaluationTime preferenceFront-loaded vs back-loaded consumptionConsumption timing profileTemporal valuationAlternative timing profileRankingFront-loaded or back-loaded preferredImplicitIntertemporal consumption contextLocal optimumTiming–consumption tradeoffIndifference bandFixedAxiomatic
EvaluationTime preferenceEarly vs late effort exertionEffort timingTemporal cost–benefit valuationAlternative effort timingRankingEarlier or later effort preferredImplicitTask-execution contextSatisficingEffort–delay tradeoffAcceptable delay marginFixedAxiomatic
EvaluationTime preferenceWaiting toleranceDelayed outcomeDelay acceptabilityImmediate outcomeThreshold / binary acceptableDelay tolerated up to limitThreshold-basedWaiting-decision contextSatisficingDelay–benefit tradeoffWaiting tolerance bandFixedAxiomatic
EvaluationTime preferenceAbandonment due to delayOutcome pursuitDelay aversionContinued waiting baselineBinary acceptable/unacceptableAbandonment preferred beyond delayImplicitDelay-cost contextSatisficingDelay vs payoff tradeoffZero-tolerance zoneFixedAxiomatic
EvaluationTime preferenceTiming-based switching behaviorChoice pattern over timeTemporal preference sensitivityPrior timing choicePartial orderNew timing preferredImplicitChanging-delay contextLocal optimumTiming re-evaluation tradeoffSwitching thresholdFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaLexicographic choices (one attribute dominates all others)Outcome configurationAttribute priorityAny alternative differing on dominant attributeLexicographic orderDominant attribute higher is betterLexicographic (no aggregation)Attribute-priority contextLexicographic optimumNo tradeoffs allowedZero toleranceFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaRule-based exclusions (“never choose X”)OptionProhibition ruleAll other optionsBinary acceptable / unacceptableNon-excluded options preferredRule-based (exclusion)Rule-governed contextSatisficing (by exclusion)No compensating tradeoffsZero toleranceFixedDeontic / axiomatic
EvaluationSubjective “better vs. worse” criteriaSatisficing behaviorOutcomeAcceptability thresholdMinimum acceptable standardBinary or partial orderMeets threshold is betterThreshold ruleBounded-rationality contextSatisficingTradeoffs ignored beyond thresholdAcceptability bandFixedBehavioral
EvaluationSubjective “better vs. worse” criteriaThreshold rulesOutcomeMinimum/maximum criterionThreshold baselineBinary acceptable / unacceptableAbove/below threshold preferredThreshold-basedThreshold-evaluation contextSatisficingDiscrete cutoffThreshold bandFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaMoral or categorical refusalsAction or outcomeMoral/categorical ruleAll feasible alternativesBinary prohibitionRefused options always worseRule-based (categorical)Moral/categorical contextNo-optimum (exclusion)No tradeoffs permittedZero toleranceFixedEthical / deontic
EvaluationSubjective “better vs. worse” criteriaPriority-based decision rulesOutcome configurationAttribute priorityAlternatives differing on higher-priority attributeLexicographic or priority orderHigher-priority satisfaction is betterPriority rule (non-compensatory)Priority-rule contextLexicographic optimumNo compensating tradeoffsZero toleranceFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaAttribute veto behaviorOutcome configurationVeto conditionAny option violating veto attributeBinary acceptable / unacceptableNon-vetoed options preferredVeto ruleVeto-governed contextSatisficing by exclusionAbsolute veto (no tradeoff)Zero toleranceFixedDeontic / axiomatic
EvaluationSubjective “better vs. worse” criteriaAll-or-nothing choicesOutcomeCompleteness requirementPartial or compromised outcomesBinary orderFully meeting criterion is betterBinary ruleAll-or-nothing contextSatisficingNo partial compensationZero toleranceFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaHard preferences insensitive to tradeoffsOption or outcomeNon-compensatory preferenceAny alternativeTotal or partial orderPreferred option always betterNon-compensatoryTradeoff-insensitive contextLexicographic / fixed optimumTradeoffs ignoredZero toleranceFixedAxiomatic
EvaluationSubjective “better vs. worse” criteriaContext-independent evaluative rulesOutcomeContext invarianceSame outcome across contextsStable rankingSame ordering everywhereImplicitCross-context validityContext-invariant optimumFixed tradeoff structureIndifference band (if any)FixedAxiomatic