IDEAS home Printed from https://ideas.repec.org/p/geo/guwopa/gueconwpa~18-18-22.html
   My bibliography  Save this paper

How Strong Is The Weak Axiom?

Author

Abstract

We characterize those abstract choice problems for which the satisfaction of the weak axiom of revealed preference su ces for the strong rationalizability of any choice correspondence. Roughly, this requires that all circuits on a certain graph de ned from the budget collection of the choice problem are able to be broken in an intuitive way. The condition is non-monotone, and is satis ed by both very small and very large budget collections. We additionally provide a notion of local integrability for an abstract choice correspondence, and prove an ordinal variant of the Hurwicz-Uzawa integrability theorem. We fully characterize how complete the domain of a choice correspondence must be for the weak axiom and local integrability to jointly guarantee strong rationalizability.

Suggested Citation

  • Peter Caradonna, 2018. "How Strong Is The Weak Axiom?," Working Papers gueconwpa~18-18-22, Georgetown University, Department of Economics.
    • Handle: RePEc:geo:guwopa:gueconwpa~18-18-22
    as

    Download full text from publisher

    File URL: https://drive.google.com/open?id=1h8eWCB1TXzi-YEvSvTY06uUNfqRsQM9V
    File Function: Full text
    Download Restriction: None
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Takashi Kunimoto & Roberto Serrano, 2020. "Rationalizable Incentives: Interim Implementation of Sets in Rationalizable Strategies," Working Papers 2020-15, Brown University, Department of Economics.
    2. Aguiar, Victor H. & Hjertstrand, Per & Serrano, Roberto, 2020. "A Rationalization of the Weak Axiom of Revealed Preference," Working Paper Series 1321, Research Institute of Industrial Economics.

    More about this item

    Keywords

    Revealed Preference; Choice Theory; Integrability; Rationalizability; Experiments;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:geo:guwopa:gueconwpa~18-18-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcia Suss (email available below). General contact details of provider: http://econ.georgetown.edu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.