Non-deteriorating Choice Without Full Transitivity

Abstract: Although the theory of greatest-element rationalizability and maximalelement rationalizability on general domains and without full transitivity of rationalizing relations is well-developed in the literature, these standard notions of rational choice are often considered to be too demanding. An alternative definition of rationality of choice is that of non-deteriorating choice, which requires that the chosen alternatives must be judged at least as good as a reference alternative. In game theory, this definition is well-known under the name of individual rationality when the reference alternative is construed to be the status quo. This alternative form of rationality of individual and social choice is characterized in this paper on general domains and without full transitivity of rationalizing relations.

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• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Non-deteriorating Choice Without Full Transitivity ; volume:29 ; number:2 ; year:2007 ; pages:163-187 ; extent:25 ; Analyse & Kritik ; 29, Heft 2 (2007), 163-187 (gesamt 25)

Contributors, Places and Time

• Creator: Bossert, Walter ; Suzumura, Kōtarō

Further information

• DOI: 10.1515/auk-2007-0204
• URN: urn:nbn:de:101:1-2404171623468.502710252399
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.