What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?
A choice correspondence is weak justified if a non-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 form of maximality. It is weaker than the form of maximality characterized by the weak axiom of revealed preference.
Year of publication: |
2010
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Authors: | Lombardi, Michele |
Published in: |
Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 59.2010, 3, p. 323-325
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Publisher: |
Elsevier |
Keywords: | Weak axiom of revealed non-inferiority Preference maximization |
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