A refinement of prudent choices

Nicolas Houy

Mathematical Social Sciences, 2011, vol. 61, issue 3, 166-169

Abstract: We characterize choice correspondences that can be rationalized by a procedure that is a refinement of the prudent choices exposed in (Houy, 2010). Our characterization is made by means of the usual expansion axiom [gamma] and a weakening of the usual contraction axiom [alpha]. We also make a link with traditional rationality.

Keywords: Prudent; choices; Rational; choices; Multi-criteria; decision; making (search for similar items in EconPapers)
Date: 2011
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Working Paper: A refinement of prudent choices (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:61:y:2011:i:3:p:166-169

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