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RATIONALIZING CHOICE FUNCTIONS BY MULTIPLE RATIONALES
Category: Economic Theory
Rationality and Choice Tuesday 27th August 2002, 09:30 - 11:00, Room: 1.1
Session Chair(s):
Wulf Gaertner, University of Osnabrueck, GERMANY
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Abstract:
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The paper presents a notion of rationalizing choice functions that violate the "Independence of Irrelevant Alternatives" axiom. A collection of linear orderings is said to provide a rationalization by multiple rationales for a choice function if the choice from any choice set can be rationalized by one of the orderings. We characterize a tight upper bound on the minimal number of orderings that is required to rationalize arbitrary choice functions, and calculate the minimal number for several specific choice procedures.
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Find this file in the \Papers\37\ folder of this CD-ROM.
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