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Rationality and Order-Dependent Sequential Rationality

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Author Info
HOUY NICOLAS ()

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Abstract

We show that an individual using a choice function is sequentially rational and the decisions he makes are independent of the order of implementation of the rationales if and only if he is rational with the union of the rationales as a base binary relation. When he makes his decisions following a choice correspondence, the sufficiency part of this claim still holds, the necessity part of it does not. Copyright Springer Science+Business Media, LLC 2007

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File URL: http://hdl.handle.net/10.1007/s11238-006-9016-0
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Publisher Info
Article provided by Springer in its journal Theory and Decision.

Volume (Year): 62 (2007)
Issue (Month): 2 (March)
Pages: 119-134
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Handle: RePEc:kap:theord:v:62:y:2007:i:2:p:119-134

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Web page: http://www.springerlink.com/link.asp?id=100341

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Related research
Keywords: order dependent choices; rationality; sequential rationality; D0;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Paola Manzini & Marco Mariotti, 2004. "Rationalizing Boundedly Rational Choice," Microeconomics 0407005, EconWPA, revised 21 Jul 2005. [Downloadable!]
  2. Suzumura, Kataro, 1976. "Remarks on the Theory of Collective Choice," Economica, London School of Economics and Political Science, vol. 43(172), pages 381-90, November. [Downloadable!] (restricted)
  3. Gil Kalai & Ariel Rubinstein & Ran Spiegler, 2002. "Rationalizing Choice Functions By Multiple Rationales," Econometrica, Econometric Society, vol. 70(6), pages 2481-2488, November. [Downloadable!] (restricted)
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  4. James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Nicolas Houy, 2008. "A refinement of prudent choices," Working Papers hal-00360523_v1, HAL. [Downloadable!]
  2. Nicolas Houy, 2008. "Progressive knowledge revealed preferences and sequential rationalizability," Working Papers hal-00360546_v1, HAL. [Downloadable!]
  3. Houy Nicolas, 2008. "Choice Functions with States of Mind," Theory and Decision, Springer, vol. 65(1), pages 1-26, August. [Downloadable!] (restricted)
  4. Nicolas Houy, 2008. "Prudent choices and rationality," Working Papers hal-00360518_v1, HAL. [Downloadable!]
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