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Progressive knowledge revealed preferences and sequential rationalizability

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  • Nicolas Houy

    (Department of Economics, Ecole Polytechnique - CNRS : UMR7176 - Polytechnique - X)

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    Abstract

    In this paper, we study the link between choices derived from monotonous set-dependent preferences and sequential rationalizability. This link is quite natural since choices derived from monotonous set-dependent preferences (introduced in [Houy, 2008b]) are characterized by a strong axiom of revealed preferences whereas sequentially rationalizable choice functions (introduced in [Manzini and Mariotti, 2007]) are characterized by a weak axiom of revealed preferences.

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    File URL: http://hal.archives-ouvertes.fr/docs/00/36/05/46/PDF/cahier_de_recherche_2008-36.pdf
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    Bibliographic Info

    Paper provided by HAL in its series Working Papers with number hal-00360546.

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    Date of creation: Dec 2008
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    Handle: RePEc:hal:wpaper:hal-00360546

    Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00360546/en/
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    Related research

    Keywords: Weak/Strong axioms of revealed preferences; sequential rationalizability.;

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    1. Tadenuma, Koichi, 1998. "Efficiency First or Equity First?: Two Principles and Rationality of Social Choice," Discussion Papers 1998-01, Graduate School of Economics, Hitotsubashi University.
    2. Jose Apesteguia & Miguel Angel Ballester, 2012. "Choice By Sequential Procedures," Working Papers 615, Barcelona Graduate School of Economics.
    3. Christopher J. Tyson, 2007. "Cognitive Constraints, Contraction Consistency, and the Satisficing Criterion," Working Papers 614, Queen Mary, University of London, School of Economics and Finance.
    4. Christopher J.Tyson, 2005. "Axiomatic Foundations for Satisficing Behavior," Economics Papers 2005-W03, Economics Group, Nuffield College, University of Oxford.
    5. Houy, Nicolas & Tadenuma, Koichi, 2007. "Lexicographic Compositions of Two Criteria for Decision Making," Discussion Papers 2007-08, Graduate School of Economics, Hitotsubashi University.
    6. Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
    7. Paola Manzini & Marco Mariotti, 2007. "Sequentially Rationalizable Choice," American Economic Review, American Economic Association, vol. 97(5), pages 1824-1839, December.
    8. Loomes, Graham & Starmer, Chris & Sugden, Robert, 1991. "Observing Violations of Transitivity by Experimental Methods," Econometrica, Econometric Society, vol. 59(2), pages 425-39, March.
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