García-Sanz, María D. and Alcantud, José Carlos R. (2010): Rational choice by two sequential criteria.
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This paper contributes to the theory of rational choice under multiple criteria. We perform a preliminary study of the properties of decision made by the sequential application of rational choices. This is then used to obtain a characterization of set-valued choice functions that are rational by two sequential criteria, which follows the approach initiated by Manzini and Mariotti (Amer. Econ. Rev., 2007) for single-valued choice functions. Uniqueness is not guaranteed but our proof is constructive and an explicit solution is provided in terms of approximation choice functions.
|Item Type:||MPRA Paper|
|Original Title:||Rational choice by two sequential criteria|
|Keywords:||Choice function; rational choice; compound function.|
|Subjects:||D - Microeconomics > D0 - General > D00 - General|
|Depositing User:||Jose Carlos R. Alcantud|
|Date Deposited:||19. Mar 2010 22:31|
|Last Modified:||12. Feb 2013 21:04|
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