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http://hdl.handle.net/11718/510| Title: | Shifts in choice problems |
| Authors: | Lahiri, Somdeb |
| Keywords: | Choice (Psychology);Axiomatic characterization |
| Issue Date: | 12-Dec-2009 |
| Series/Report no.: | WP;1175 |
| Abstract: | In this paper we consider choice problems which are bounded both above and below and provide a new axiomatic characterization of the equal loss choice function. We subsequently turn to a study of various properties implied by shifts in the choice problem, one of which was used in characterizing the equal loss solution. Then we characterize rational choice behavour when a decision maker is confronted with a choice problem. Finally we turn to an axiomatic characterization of a particular rationalizable choice function the utilitarian choice function using a shift invariance property. |
| URI: | http://hdl.handle.net/11718/510 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1994_1175.pdf | 607.02 kB | Adobe PDF | View/Open |
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