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| Content Provider | Springer Nature Link |
|---|---|
| Author | Ribeiro, Mauricio Riella, Gil |
| Copyright Year | 2016 |
| Abstract | In this article, we discuss some aspects of Eliaz and Ok ’s (Games Econ Behav 56:61–86, 2006) choice theoretical foundations of incomplete preferences. Our aim is to clarify some aspects of their regularity condition for preorders, showing that, as far as rationalization of a choice correspondence alone is concerned, no further restriction is imposed by requiring the preorder to be regular. However, if one is also interested in capturing other observable aspects of the individual’s choice procedure, such as Eliaz and Ok’s notion of c-incomparability or the notion of behavioral indifference introduced in this paper, then the only option is to use a regular preorder. We also argue that their weak axiom of revealed non-inferiority (WARNI) is too strong a property if our aim is to characterize the rationalizability of a choice correspondence by a (possibly incomplete) preorder. Finally, as we have mentioned above, we introduce the notion of behavioral indifference and argue, not only that Eliaz and Ok’s notion of c-incomparability (observable incomparability) can be derived from it, but also that it has a wider range of applicability than their notion of observable incomparability. |
| Starting Page | 1 |
| Ending Page | 12 |
| Page Count | 12 |
| File Format | |
| ISSN | 00405833 |
| Journal | Theory and Decision |
| Volume Number | 82 |
| Issue Number | 1 |
| e-ISSN | 15737187 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2016-06-28 |
| Publisher Place | New York |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Incomplete preferences Rational choice Non-inferiority Regular preorders Behavioral indifference Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Operation Research/Decision Theory Behavioral/Experimental Economics Statistics for Business/Economics/Mathematical Finance/Insurance |
| Content Type | Text |
| Resource Type | Article |
| Subject | Arts and Humanities Economics, Econometrics and Finance Developmental and Educational Psychology Social Sciences Decision Sciences Applied Psychology Computer Science Applications |
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