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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.

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Bibliographic Info

Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 17-2005.

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Length: 39 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:mtl:montec:17-2005

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Keywords: rational choice; quasi-transitivity; P-acyclicity;

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  1. BOSSERT, Walter & SUZUMURA, Kotaro, 2005. "Domain Closedness Conditions and Rational Choice," Cahiers de recherche 2005-21, Universite de Montreal, Departement de sciences economiques.
  2. Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2006. "Rationalizability of choice functions on general domains without full transitivity," Social Choice and Welfare, Springer, vol. 27(3), pages 435-458, December.
  3. Sen, Amartya K, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Wiley Blackwell, vol. 38(115), pages 307-17, July.
  4. 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.
  5. Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2005. "Consistent Rationalizability," Economica, London School of Economics and Political Science, vol. 72(286), pages 185-200, 05.
  6. Sen, Amartya K, 1969. "Quasi-Transitivity, Rational Choice and Collective Decisions," Review of Economic Studies, Wiley Blackwell, vol. 36(107), pages 381-93, July.
  7. Suzumura, Kotaro, 1977. "Houthakker's axiom in the theory of rational choice," Journal of Economic Theory, Elsevier, vol. 14(2), pages 284-290, April.
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