What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?
AbstractA choice correspondence is weak justified if a non-chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is some chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by the weak axiom of revealed non-inferiority and a weak form of maximality. It is weaker than the form of maximality characterized by the weak axiom of revealed preference.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 59 (2010)
Issue (Month): 3 (May)
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Web page: http://www.elsevier.com/locate/inca/505565
Weak axiom of revealed non-inferiority Preference maximization;
Other versions of this item:
- Michele Lombardi, 2007. "What Kind of Preference Maximization Does the Weak Axiom of Revealed Non-inferiority Characterize?," Working Papers 606, Queen Mary, University of London, School of Economics and Finance.
- D0 - Microeconomics - - General
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