Uncovered Set Choice Rule

Michele Lombardi

No 563, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: I study necessary and sufficient conditions for a choice function to be rationalised in the following sense: there exists a complete asymmetric relation T (a tournament) such that for each feasible (finite) choice situation, the choice coincides with the uncovered set of T. This notion of rationality explains not only cyclical and context dependent choices observed in practice, but also provides testable restrictions on observable choice behavior.

Keywords: Rationalizability; Uncovered set; Intransitive choice (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
Date: 2006-07-01
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Journal Article: Uncovered set choice rules (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:563

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