What Kind of Preference Maximization Does the Weak Axiom of Revealed Non-Inferiority Characterize?

M. Lombardi*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

A choice correspondence is weak justified if a non-chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is some chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by the weak axiom of revealed non-inferiority and a weak form of maximality It is weaker than the form of maximality characterized by the weak axiom of revealed preference. 

Original languageEnglish
Pages (from-to)323-325
Number of pages3
JournalMathematical Social Sciences
Volume59
Issue number3
DOIs
Publication statusPublished - May 2010

Keywords

  • Weak axiom of revealed non-inferiority
  • Preference maximization
  • INTRANSITIVE INDIFFERENCE
  • CHOICE

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