Rational Choice and Revealing Preference.
The article discusses rational choice and revealing preference. A condition for rational choice has been put forward in terms of the R-greatestness interpretation of optimality. In this article, a condition for rational choice in its R-maximality interpretation will be presented. The condition in qu...
| Publicado en: | Review of Economic Studies Vol. 43; no. 1; pp. 149 - 159 |
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| Formato: | Artículo |
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Oxford University Press / USA
Feb76
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4622887&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4622887 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Feb76 vid: 43 iid: 1 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4622887 10.2307/2296608 ppf: 149 ppct: 10 formats: tig: atl: Rational Choice and Revealing Preference. aug: au: Suzumura, Kotaro affil: London School of Economics and Institute of Economic Research, Kyoto University. su: Rational choice theory Consumer preferences Social choice Reason Theory Demand function Mathematical models of economics sug: subj: Rational choice theory Consumer preferences Social choice Reason Theory Demand function Mathematical models of economics ab: The article discusses rational choice and revealing preference. A condition for rational choice has been put forward in terms of the R-greatestness interpretation of optimality. In this article, a condition for rational choice in its R-maximality interpretation will be presented. The condition in question will, in a certain sense, synthesize both concepts of rationality, because it can be seen that the rational choice in terms of R-maximality is rational in terms of R-greatestness as well. The role of various axioms of revealed preference and congruence in the theory of rational choice will also be clarified. In this kind of analysis, special care should be taken with the domain of the choice function. It was researcher K.J. Arrow who first suggested that the demand-function point of view would be greatly simplified if the range over which the choice functions are considered to be determined is broadened to include all finite sets. This line of enquiry was recently completed by A.K. Sen. It is true, as was persuasively discussed pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1976 holdings: @attributes: islocal: N |
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