On the rationality and rationalizability of the choice function with respect to the optional set system

On the rationality and rationalizability of the choice function with respect to the optional set system

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Article ID: iaor2010360
Volume: 25
Issue: 2
Start Page Number: 47
End Page Number: 59
Publication Date: Jul 2008
Journal: Alkalmazott Matematikai Lapok
Authors:
Abstract:

In this paper we discuss the following problem: how effect for the rationality or rationalizablity of the decision structure the extension or reduction of the optional set system. Our main aim is to find such conditions under which the decision structure preserves the revealed preference after the extension or reduction, too. We will show that any contradicted decision structure can be rationalized.

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