What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?
A choice correspondence is weak justified if a non-chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is some chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by the weak axiom of revealed non-inferiority and a weak form of maximality. It is weaker than the form of maximality characterized by the weak axiom of revealed preference.
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- Kim, Taesung, 1987. "Intransitive Indifference and Revealed Preference," Econometrica, Econometric Society, vol. 55(1), pages 163-167, January.
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