Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057583 | Economics Letters | 2017 | 4 Pages |
Abstract
â¢We provide a taxonomy of 4 known models of rationalization with (possibly) incomplete preferences.â¢We provide a novel characterization of rationalizability that gives a new interpretation of WARP.â¢Our taxonomy provides a novel axiomatic rationale for a moderate attraction effect.
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guy Barokas,