Choice

Michael Allingham
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Michael Allingham: Magdalen College

Chapter 1 in Rational Choice, 1999, pp 7-29 from Palgrave Macmillan

Abstract: 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.

Keywords: Rational Choice; Utility Representation; Base Relation; Choice Problem; Choice Rule (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14936-0_2

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DOI: 10.1007/978-1-349-14936-0_2

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