Chernoff's dual axiom, revealed preference and weak rational choice functions

Kiminori Matsuyama*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

A new and a weaker concept of rationalizability is introduced and its implications on the properties of individual choice are investigated. Especially, (i) it is shown that a property of choice functions, called Chernoff's dual axiom in this paper, plays a crucial role for the rationality of choice, and (ii) weakening the concept of rationalizability facilitates characterization of revealed preference relations.

Original languageEnglish (US)
Pages (from-to)155-165
Number of pages11
JournalJournal of Economic Theory
Volume35
Issue number1
DOIs
StatePublished - Feb 1985

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Chernoff's dual axiom, revealed preference and weak rational choice functions'. Together they form a unique fingerprint.

Cite this