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Title:What kind of preference maximization does the weak axiom of revealed non-inferiority characterize? PDF Logo
Authors:Lombardi, Michele
Issue Date:2007
Series/Report no.:Working Paper, Department of Economics, Queen Mary, University of London 606
Abstract:A multi-valued choice is weak justified if no 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 notion of rationality. Our notion of rationaity is weaker than that characterized by the weak axiom of revealed preference.
Subjects:Weak axiom of revealed non-inferiority
JEL:D0
Document Type:Working Paper
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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