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Partially dominant choice with transitive preferences

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  • Dan Qin

    (Tohoku University)

Abstract

Gerasimou (Econ Theory 61(1):127–145, 2016) characterizes partially dominant choice with acyclic underlying preferences. In this article, we characterize partially dominant choice with transitive underlying preferences. We argue that transitivity is a more appropriate assumption on the underlying preference because the model is interpreted in a way that the deviation from standard rational choice procedures is due to multi-dimensionality and incommensurability of desirable attributes.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:etbull:v:5:y:2017:i:2:d:10.1007_s40505-017-0113-8
    DOI: 10.1007/s40505-017-0113-8
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    References listed on IDEAS

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    1. 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.
    2. Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May.
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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).
    2. M. Ali Khan & Metin Uyanık, 2021. "Topological connectedness and behavioral assumptions on preferences: a two-way relationship," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(2), pages 411-460, March.
    3. Barokas, Guy, 2017. "A taxonomy of rationalization by incomplete preferences," Economics Letters, Elsevier, vol. 159(C), pages 138-141.

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    More about this item

    Keywords

    Bounded rationality; Transitive preference; Partial dominance; Incomplete preference;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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