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Rationality and Order-Dependent Sequential Rationality

  • HOUY NICOLAS

    ()

We show that an individual using a choice function is sequentially rational and the decisions he makes are independent of the order of implementation of the rationales if and only if he is rational with the union of the rationales as a base binary relation. When he makes his decisions following a choice correspondence, the sufficiency part of this claim still holds, the necessity part of it does not. Copyright Springer Science+Business Media, LLC 2007

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File URL: http://hdl.handle.net/10.1007/s11238-006-9016-0
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Article provided by Springer in its journal Theory and Decision.

Volume (Year): 62 (2007)
Issue (Month): 2 (March)
Pages: 119-134

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Handle: RePEc:kap:theord:v:62:y:2007:i:2:p:119-134
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100341

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  1. Gil Kalai & Ariel Rubinstein & Ran Spiegler, 2002. "Rationalizing Choice Functions By Multiple Rationales," Econometrica, Econometric Society, vol. 70(6), pages 2481-2488, November.
  2. Paola Manzini & Marco Mariotti, 2005. "Shortlisting," Public Economics 0503006, EconWPA, revised 14 Jul 2005.
  3. 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.
  4. James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334.
  5. Tadenuma, Koichi, 1998. "Efficiency First or Equity First?: Two Principles and Rationality of Social Choice," Discussion Papers 1998-01, Graduate School of Economics, Hitotsubashi University.
  6. Moulin, Herve, 1994. "Social choice," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 31, pages 1091-1125 Elsevier.
  7. Paola Manzini & Marco Mariotti, 2004. "Rationalizing Boundedly Rational Choice," Microeconomics 0407005, EconWPA, revised 21 Jul 2005.
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