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 language | English |
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Pages (from-to) | 323-325 |
Number of pages | 3 |
Journal | Mathematical Social Sciences |
Volume | 59 |
Issue number | 3 |
DOIs | |
Publication status | Published - May 2010 |
Keywords
- Weak axiom of revealed non-inferiority
- Preference maximization
- INTRANSITIVE INDIFFERENCE
- CHOICE