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A taxonomy of rationalization by incomplete preferences

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  • Barokas, Guy

Abstract

This paper provides a tight axiomatic relation between the following models: the standard rational choice model, non-domination rationalizability, rationalization by an incomplete Hype-relation (Aizerman and Malishevski, 1981), and the transitive version of the partial dominant choice model (Gerasimou, 2016). Thus, providing a taxonomy of rationalization by incomplete preferences.

Suggested Citation

  • Barokas, Guy, 2017. "A taxonomy of rationalization by incomplete preferences," Economics Letters, Elsevier, vol. 159(C), pages 138-141.
    • Handle: RePEc:eee:ecolet:v:159:y:2017:i:c:p:138-141
    DOI: 10.1016/j.econlet.2017.07.031
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    References listed on IDEAS

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    1. Dan Qin, 2017. "Partially dominant choice with transitive preferences," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(2), pages 191-198, October.
    2. Bandyopadhyay, Taradas & Sengupta, Kunal, 1993. "Characterization of Generalized Weak Orders and Revealed Preference," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(3), pages 571-576, July.
    3. Georgios Gerasimou, 2016. "Partially dominant choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(1), pages 127-145, January.
    4. Huber, Joel & Payne, John W & Puto, Christopher, 1982. "Adding Asymmetrically Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 9(1), pages 90-98, June.
    5. Klaus Nehring, 1997. "Rational choice and revealed preference without binariness," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 14(3), pages 403-425.
    6. Eliaz, Kfir & Ok, Efe A., 2006. "Indifference or indecisiveness? Choice-theoretic foundations of incomplete preferences," Games and Economic Behavior, Elsevier, vol. 56(1), pages 61-86, July.
    7. Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(3), pages 307-317.
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    Cited by:

    1. Maltz, Amnon & Rachmilevitch, Shiran, 2021. "A model of menu-dependent evaluations and comparison-aversion," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 91(C).

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    More about this item

    Keywords

    Rationalization; Incomplete Preference; Choice Functions; Revealed preference; Attraction effect;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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