Social Norms and Rationality of Choice
Ever since Sen (1993) criticized the notion of internal consistency of choice, there exists a wide spread perception that the standard rationalizability approach to the theory of choice has difficulties coping with the existence of external social norms. This paper introduces a concept of norm-conditional rationalizability and shows that external social norms can be accommodated so as to be compatible with norm-conditional rationalizability by means of suitably modified revealed preference axioms in the theory of rational choice on general domains à la Richter (1966;1971) and Hansson (1968)
|Date of creation:||2007|
|Date of revision:|
|Contact details of provider:|| Postal: CP 6128, Succ. Centre-Ville, Montréal, Québec, H3C 3J7|
Phone: (514) 343-6540
Fax: (514) 343-5831
Web page: http://www.sceco.umontreal.ca
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2002.
82, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Amartya Sen, 1996.
"Maximization and the Act of Choice,"
Harvard Institute of Economic Research Working Papers
1766, Harvard - Institute of Economic Research.
- BOSSERT, Walter & SPRUMONT, Yves & SUZUMURA, Kotaro, 2001.
"Rationalizability of Choice Functions on General Domains without Full Transitivity,"
Cahiers de recherche
2001-13, Universite de Montreal, Departement de sciences economiques.
- Walter Bossert & Yves Sprumont & Kotaro Suzumura, 2006. "Rationalizability of choice functions on general domains without full transitivity," Social Choice and Welfare, Springer, vol. 27(3), pages 435-458, December.
- Bossert, W. & Sprumont, Y. & Suzumura, K., 2001. "Rationalizability of Choice Functions on General Domains without Full Transitivity," Cahiers de recherche 2001-13, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Bossert, Walter & Sprumont, Yves & Suzumura, Kotaro, 2001. "Rationalizability of Choice Functions on General Domains Without Full Transitivity," Discussion Paper 28, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Kotaro Suzumura, 1976. "Rational Choice and Revealed Preference," Review of Economic Studies, Oxford University Press, vol. 43(1), pages 149-158.
- Nick Baigent & Wulf Gaertner, 1996.
"Never choose the uniquely largest A Characterization,"
Springer, vol. 8(2), pages 239-249.
- Baigent, Nick & Gaertner, Wulf, 1996. "Never Choose the Uniquely Largest: A Characterization," Economic Theory, Springer, vol. 8(2), pages 239-49, August.
- Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Oxford University Press, vol. 38(3), pages 307-317.
- Suzumura, Kataro, 1976. "Remarks on the Theory of Collective Choice," Economica, London School of Economics and Political Science, vol. 43(172), pages 381-90, November.
- Kim, Taesung & Richter, Marcel K., 1986. "Nontransitive-nontotal consumer theory," Journal of Economic Theory, Elsevier, vol. 38(2), pages 324-363, April.
- Suzumura, Kotaro, 1977. "Houthakker's axiom in the theory of rational choice," Journal of Economic Theory, Elsevier, vol. 14(2), pages 284-290, April.
- Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May.
When requesting a correction, please mention this item's handle: RePEc:mtl:montde:2007-07. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sharon BREWER)
If references are entirely missing, you can add them using this form.