Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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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

Presenter(s): Rubinstein, Ariel

Co-Author(s): Kalai, Gil and Spiegler, Rani

Keyword(s): choice, procedure, rationality, violating rationality

JEL(s): D00

Abstract:

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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Paper Reference Number: 37

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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