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Title:A generalized unification theorem for choice theoretic foundations: Avoiding the necessity of pairs and triplets PDF Logo
Authors:He, Junnan
Issue Date:2012
Series/Report no.:Economics Discussion Papers 2012-23
Abstract:This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more realistic approach, this paper shows that many of the famous consistency requirements, such as those proposed by Arrow, Sen, Samuelson etc., are equivalent if the domain of choice functions satisfy some set theoretical properties. And these properties, unions and inclusions for example, are proposed in a way that gives observability.
Subjects:Revealed preference theory
rationality
preference
choice functions
JEL:B00
C00
D01
D11
Creative Commons License:http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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