A refinement of prudent choices
AbstractWe characterize choice correspondences that can be rationalized by a procedure that is a refinement of the prudent choices exposed inÂ (Houy, 2010). Our characterization is made by means of the usual expansion axiom [gamma] and a weakening of the usual contraction axiom [alpha]. We also make a link with traditional rationality.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 61 (2011)
Issue (Month): 3 (May)
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Web page: http://www.elsevier.com/locate/inca/505565
Prudent choices Rational choices Multi-criteria decision making;
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