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necessary transitive then the proposed Richter-rationality test is weaker than GARP. Finally the test is performed over Mattei …
Persistent link: https://www.econbiz.de/10010641692
Persistent link: https://www.econbiz.de/10011903465
We examine the maximal-element rationalizability of choice functions with arbitrary domains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed relatively thoroughly in the earlier literature, this is not the case for...
Persistent link: https://www.econbiz.de/10005018601
We examine the maximal-element rationalizability of choice functions with arbitrary do-mains. While rationality formulated in terms of the choice of greatest elements according to a rationalizing relation has been analyzed relatively thoroughly in the earlier litera-ture, this is not the case...
Persistent link: https://www.econbiz.de/10005545643
On analyzing the problem that arises whenever the set of maximal elements is large, and aselection is then required (see Peris and Subiza, 1998), we realize that logical ways of selectingamong maximals violate the classical notion and axioms of rationality. We arrive at the sameconclusion if we...
Persistent link: https://www.econbiz.de/10005731224