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Rational Choice on Arbitrary Domains: A Comprehensive Treatment

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  • BOSSERT, Walter
  • SUZUMURA, Kotaro

Abstract

The rationalizability of a choice function on arbitrary domains by means of a transitive relation has been analyzed thoroughly in the literature. Moreover, characterizations of various versions of consistent rationalizability have appeared in recent contributions. However, not much seems to be known when the coherence property of quasi-transitivity or that of P-acyclicity is imposed on a rationalization. The purpose of this paper is to fill this significant gap. We provide characterizations of all forms of rationalizability involving quasi-transitive or P-acyclical rationalizations on arbitrary domains.

Suggested Citation

  • BOSSERT, Walter & SUZUMURA, Kotaro, 2005. "Rational Choice on Arbitrary Domains: A Comprehensive Treatment," Cahiers de recherche 17-2005, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  • Handle: RePEc:mtl:montec:17-2005
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    References listed on IDEAS

    as
    1. Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2005. "Maximal-Element Rationalizability," Theory and Decision, Springer, vol. 58(4), pages 325-350, June.
    2. Amartya Sen, 1969. "Quasi-Transitivity, Rational Choice and Collective Decisions," Review of Economic Studies, Oxford University Press, vol. 36(3), pages 381-393.
    3. Schwartz, Thomas, 1976. "Choice functions, "rationality" conditions, and variations on the weak axiom of revealed preference," Journal of Economic Theory, Elsevier, vol. 13(3), pages 414-427, December.
    4. Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2005. "Consistent Rationalizability," Economica, London School of Economics and Political Science, vol. 72(286), pages 185-200, May.
    5. Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2006. "Rationalizability of choice functions on general domains without full transitivity," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 27(3), pages 435-458, December.
    6. Suzumura, Kotaro, 1977. "Houthakker's axiom in the theory of rational choice," Journal of Economic Theory, Elsevier, vol. 14(2), pages 284-290, April.
    7. BOSSERT, Walter & SUZUMURA, Kotaro, 2005. "Domain Closedness Conditions and Rational Choice," Cahiers de recherche 27-2005, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    8. Suzumura, Kataro, 1976. "Remarks on the Theory of Collective Choice," Economica, London School of Economics and Political Science, vol. 43(172), pages 381-390, November.
    9. Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Oxford University Press, vol. 38(3), pages 307-317.
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    More about this item

    Keywords

    rational choice; quasi-transitivity; P-acyclicity;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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