Shifts in choice problems

dc.contributor.author	Lahiri, Somdeb
dc.date.accessioned	2009-12-12T06:42:23Z
dc.date.available	2009-12-12T06:42:23Z
dc.date.copyright	1994-04
dc.date.issued	2009-12-12T06:42:23Z
dc.identifier.uri	http://hdl.handle.net/11718/510
dc.description.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.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1175
dc.subject	Choice (Psychology)	en
dc.subject	Axiomatic characterization	en
dc.title	Shifts in choice problems	en
dc.type	Working Paper	en