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functions. Moreover, we examine the rationalizability and the rationalizability-representability of these choice functions. …
Persistent link: https://www.econbiz.de/10008617077
Persistent link: https://www.econbiz.de/10012310800
In this paper, we attempt to combine the concept of a choice function with a procedural aspect. We examine an individual’s choices over alternatives when the available options are linked either to the procedure by which these alternatives came into existence or to the degree of availability of...
Persistent link: https://www.econbiz.de/10005370994
In this paper we fully characterize an individual's choice behaviour according to three different so-called external references. The first system which we describe axiomatically is standard utility maximization or preference optimization. The second approach characterizes the choice of the...
Persistent link: https://www.econbiz.de/10005155471
functions. Moreover, we examine the rationalizability and the rationalizability-representability of these choice functions. …
Persistent link: https://www.econbiz.de/10005729707
Any dynamic decision model should be based on conditional objects and must refer to (not necessarily structured) domains containing only the elements and the information of interest. We characterize binary relations, defined on an arbitrary set of conditional events, which are representable by a...
Persistent link: https://www.econbiz.de/10005809735
We offer an alternative approach to the study of representability of choice behavior in a competitive framework that is …
Persistent link: https://www.econbiz.de/10005596655
A choice function is \textit{list rational(izable)}, if there is a fixed \textit{list} such that for each \textit{choice set}, successive comparison of the alternatives by following the \textit{list} retrieves the chosen alternative. We extend the formulation of list rationality to stochastic...
Persistent link: https://www.econbiz.de/10011599578
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more...
Persistent link: https://www.econbiz.de/10010308722
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in the literature rest upon the ability to choose over budget sets that contain only 2 or 3 elements. This paper shows that for any given choice function, many of the famous...
Persistent link: https://www.econbiz.de/10010310081