Sequential rationalization of multivalued choice

María D. García-Sanz and José Alcantud ()

Mathematical Social Sciences, 2015, vol. 74, issue C, 29-33

Abstract: This paper contributes to the theory of rational choice under sequential criteria. Following the approach initiated by Manzini and Mariotti (2007) for single-valued choice functions, we characterize choice correspondences that are rational by two sequential criteria under a mild consistency axiom. Rationales ensuring the sequential rationalization are explicitly constructed and a uniquely determined, canonical solution is provided.

Date: 2015
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:74:y:2015:i:c:p:29-33

DOI: 10.1016/j.mathsocsci.2014.12.006

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