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Debabrata Pal |
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''Rationalizability of Choice Functions: Domain Conditions'' |
( 2017, Vol. 37 No.3 ) |
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In the literature related to choice theory an important problem which has been dealt with at length is the rationalizability of
the choice function of an individual. In the literature a number of choice consistency conditions have been postulated
which are proven to be necessary and sufficient for a choice function to have an ordering rationalization. In this paper
a necessary and sufficient condition has been derived for the domain to be such that every possible choice function
defined over the domain has an ordering rationalization.
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Keywords: Rational Choice, Rationalizability, Choice Function, Domain Condition |
JEL: D7 - Analysis of Collective Decision-Making: General D1 - Household Behavior: General |
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Manuscript Received : May 28 2017 | | Manuscript Accepted : Aug 31 2017 |
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