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Choice

In: Rational Choice

Author

Listed:
  • Michael Allingham

    (Magdalen College)

Abstract

We address the problem of pure choice. We first set out the problem, propose a definition of a basic consistency requirement, that of reasonableness, and characterise the set of choice rules which are reasonable. We then define a stronger requirement, that of rationality, and characterise the choice rules which are rational. We conclude with a discussion of the relation between choice and utility.

Suggested Citation

  • Michael Allingham, 1999. "Choice," Palgrave Macmillan Books, in: Rational Choice, chapter 1, pages 7-29, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14936-0_2
    DOI: 10.1007/978-1-349-14936-0_2
    as

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