A refinement of prudent choices
We charaterize the choice correspondences that can be rationalized by a procedure that is a refinement of the prudent choices exposed in [Houy, 2008]. Our characterization is made by means of the usual expansion axiom and by a weakening of the usual contraction axiom α.
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- Tadenuma, Koichi, 1998.
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1998-01, Graduate School of Economics, Hitotsubashi University.
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- Tadenuma, Koichi, 2002.
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2002-08, Graduate School of Economics, Hitotsubashi University.
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