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Uncovered Set Choice Rule

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Author Info
Michele Lombardi () (Queen Mary, University of London)

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Abstract

I 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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File URL: http://www.econ.qmul.ac.uk/papers/doc/wp563.pdf
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Publisher Info
Paper provided by Queen Mary, University of London, Department of Economics in its series Working Papers with number 563.

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Date of creation: Jul 2006
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Handle: RePEc:qmw:qmwecw:wp563

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Related research
Keywords: Rationalizability Uncovered set Intransitive choice

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Find related papers by JEL classification:
D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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This page was last updated on 2008-10-30.

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