We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Consistent Rationalizability.
- Authors
Bossert, Walter; Sprumont, Yves; Suzumura, Kotaro
- Abstract
Consistency of a binary relation requires any preference cycle to involve indifference only. It has been shown that consistency is necessary and sufficient for the existence of an ordering extension of a binary relation. It is therefore of interest to examine the rationalizability of choice functions by means of consistent relations. We describe the logical relationships between the different notions of rationalizability obtained if reflexivity or completeness are added to consistency. All but one such notion are characterized for general domains, and all are characterized for domains that contain all two-element subsets of the universal set.
- Subjects
BINARY number system; CONSUMER preferences; CONSUMER behavior; RATIONAL expectations (Economic theory); ECONOMICS
- Publication
Economica, 2005, Vol 72, Issue 286, p185
- ISSN
0013-0427
- Publication type
Article
- DOI
10.1111/j.0013-0427.2005.00410.x