Social Norms and Rationality of Choice

Walter Bossert and Kotaro Suzumura

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: Ever since Sen (1993) criticized the notion of internal consistency of choice, there exists a wide spread perception that the standard rationalizability approach to the theory of choice has difficulties coping with the existence of external social norms. This paper introduces a concept of norm-conditional rationalizability and shows that external social norms can be accommodated so as to be compatible with norm-conditional rationalizability by means of suitably modified revealed preference axioms in the theory of rational choice on general domains à la Richter (1966;1971) and Hansson (1968)

JEL-codes: D11 D71 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Social Norms and Rationality of Choice (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:08-2007

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