Uncovered Set Choice Rule
AbstractI study necessary and sufficient conditions for a choice function to be rationalised in the following sense: there exists a complete asymmetric relation T (a tournament ) such that for each feasible (finite) choice situation, the choice coincides with the uncovered set of T . This notion of rationality explains not only cyclical and context dependent choices observed in practice, but also provides testable restrictions on observable choice behavior.
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Bibliographic InfoPaper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 563.
Date of creation: Jul 2006
Date of revision:
Rationalizability; Uncovered set; Intransitive choice;
Find related papers by JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
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Discussion Paper Series
dp278, The Center for the Study of Rationality, Hebrew University, Jerusalem.
- Gil Kalai & Ariel Rubinstein & Ran Spiegler, 2002. "Rationalizing Choice Functions By Multiple Rationales," Econometrica, Econometric Society, vol. 70(6), pages 2481-2488, November.
- Gil Kalai & Ariel Rubenstein & Ran Spiegler, 2001. "Rationalizing Choice Functions by Multiple Rationales," Economics Working Papers 0010, Institute for Advanced Study, School of Social Science.
- José Apesteguía & Miguel A. Ballester, 2005. "Minimal Books Of Rationales," Documentos de Trabajo - Lan Gaiak Departamento de EconomÃa - Universidad PÃºblica de Navarra 0501, Departamento de Economía - Universidad Pública de Navarra.
- Michele Lombardi & Marco Mariotti, 2009. "Uncovered bargaining solutions," International Journal of Game Theory, Springer, vol. 38(4), pages 601-610, November.
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