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Progressive knowledge revealed preferences and sequential rationalizability

Author

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  • Nicolas Houy

    (X-DEP-ECO - Département d'Économie de l'École Polytechnique - X - École polytechnique)

Abstract

In this paper, we study the link between choices derived from monotonous set-dependent preferences and sequential rationalizability. This link is quite natural since choices derived from monotonous set-dependent preferences (introduced in [Houy, 2008b]) are characterized by a strong axiom of revealed preferences whereas sequentially rationalizable choice functions (introduced in [Manzini and Mariotti, 2007]) are characterized by a weak axiom of revealed preferences.

Suggested Citation

  • Nicolas Houy, 2008. "Progressive knowledge revealed preferences and sequential rationalizability," Working Papers hal-00360546, HAL.
    • Handle: RePEc:hal:wpaper:hal-00360546
    Note: View the original document on HAL open archive server: https://hal.science/hal-00360546
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    References listed on IDEAS

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    1. Houy, Nicolas & Tadenuma, Koichi & 蓼沼, 宏一, 2007. "Lexicographic Compositions of Two Criteria for Decision Making," Discussion Papers 2007-08, Graduate School of Economics, Hitotsubashi University.
    2. Tyson, Christopher J., 2008. "Cognitive constraints, contraction consistency, and the satisficing criterion," Journal of Economic Theory, Elsevier, vol. 138(1), pages 51-70, January.
    3. Apesteguia, Jose & Ballester, Miguel A., 2013. "Choice by sequential procedures," Games and Economic Behavior, Elsevier, vol. 77(1), pages 90-99.
    4. Loomes, Graham & Starmer, Chris & Sugden, Robert, 1991. "Observing Violations of Transitivity by Experimental Methods," Econometrica, Econometric Society, vol. 59(2), pages 425-439, March.
    5. Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
    6. Tadenuma, Koichi, 2002. "Efficiency First or Equity First? Two Principles and Rationality of Social Choice," Journal of Economic Theory, Elsevier, vol. 104(2), pages 462-472, June.
    7. Tyson, Christopher J., 2008. "Cognitive constraints, contraction consistency, and the satisficing criterion," Journal of Economic Theory, Elsevier, vol. 138(1), pages 51-70, January.
    8. Paola Manzini & Marco Mariotti, 2007. "Sequentially Rationalizable Choice," American Economic Review, American Economic Association, vol. 97(5), pages 1824-1839, December.
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    Citations

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    Cited by:

    1. Horan, Sean, 2016. "A simple model of two-stage choice," Journal of Economic Theory, Elsevier, vol. 162(C), pages 372-406.
    2. Rohan Dutta & Sean Horan, 2015. "Inferring Rationales from Choice: Identification for Rational Shortlist Methods," American Economic Journal: Microeconomics, American Economic Association, vol. 7(4), pages 179-201, November.
    3. Horan, Sean & Sprumont, Yves, 2022. "Two-stage majoritarian choice," Theoretical Economics, Econometric Society, vol. 17(2), May.
    4. Özgür Kıbrıs & Yusufcan Masatlioglu & Elchin Suleymanov, 2023. "A theory of reference point formation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 137-166, January.

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    More about this item

    Keywords

    sequential rationalizability; Weak/Strong axioms of revealed preferences; sequential rationalizability.;
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