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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- Houy, Nicolas & Tadenuma, Koichi, 2007. "Lexicographic Compositions of Two Criteria for Decision Making," Discussion Papers 2007-08, Graduate School of Economics, Hitotsubashi University.
- Tadenuma, Koichi, 2002.
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- Tadenuma, Koichi, 2002. "Egalitarian-Equivalence and the Pareto Principle for Social Preferences," Discussion Papers 2002-08, Graduate School of Economics, Hitotsubashi University.
- Tadenuma, Koichi, 2002. "Egalitarian-Equivalence and the Pareto Principle for Social Preferences," Discussion Paper 128, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
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- Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May. Full references (including those not matched with items on IDEAS)
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