Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184770 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 819
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
Abstract: 
The class of preferences over opportunity sets ("menus") rationalizable by underlying preferences over the alternatives is characterized for the general case in which the dataset is unrestricted. In particular, both the universal set of alternatives and the domain of menus over which preferences are asserted by the decision maker are arbitrary. The key "Cover Dominance" axiom states that any menu strictly preferred to a collection of menus must be strictly preferred to any menu covered by the collection. The method of characterization relies upon transitivity of menu preferences, but completeness can be relaxed.
Subjects: 
General domains
Opportunity sets
Revealed preference
Transitivity
JEL: 
D01
D11
Document Type: 
Working Paper

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