Rationalizing Choice Functions by Multiple Rationales
The paper presents a notion of rationalizing choice functions that violate the “Independence of Irrelevant Alternatives” axiom. A collection of linear orderings is said to provide a rationalization by multiple rationales for a choice function if the choice from any choice set can be rationalized by one of the orderings. We characterize a tight upper bound on the minimal number of orderings that is required to rationalize arbitrary choice functions, and calculate the minimal number for several specific choice procedures.
|Date of creation:||Oct 2001|
|Publication status:||Published in Econometrica, Volume 70, November 2002, 2481-2488|
|Contact details of provider:|| Postal: Einstein Drive,Princeton, NJ 08540|
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