The rationalizability of a choice function by means of a transitive relation has been analyzed thoroughly in the literature. However, not much seems to be known when transitivity is weakened to quasi-transitivity or acyclicity. We describe the logical relationships between the different notions of rationalizability involving, for example, the transitivity, quasi-transitivity, or acyclicity of the rationalizing relation. Furthermore, we discuss sufficient conditions and necessary conditions for rational choice on arbitrary domains. Transitive, quasi-transitive, and acyclical rationalizability are fully characterized for domains that contain all singletons and all two-element subsets of the universal set.
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Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number
2001-13.
Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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Bossert, W. & Sprumont, Y. & Suzumura, K., 2002.
"Maximal-Element Rationalizability,"
Cahiers de recherche
16-2002, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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