Set and revealed preference axioms for multi-valued choice

DOI10.1007/S11238-020-09774-0MaRDI QIDQ2021541zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 27 April 2021

Published in Theory and Decision (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s11238-020-09774-0

zbMATH Keywords

independence of irrelevant alternativesmulti-valued choicerevealed preference axiomsstrong sets

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08)

Review text

The paper considers extensions of the independence of irrelevant alternatives (IIA) and the weak axiom of revealed preferences (WARP) from choice functions to choice correspondences. The extensions of IIA considered are called the weak IIA, WIIA, and the restricted IIA, RIIA. The extension of WARP to choice correspondences is obvious and called WARP again. The authors introduce the model and conditions on choice correspondences they consider and study the relations between those. They prove, amongst other relations, that WARP is equivalent to RIIA, that a choice correspondence satisfies IIA if and only if it satisfies WARP and a preference axiom PA. Then they introduce the concept of strong sets and study its relationships with IIA.

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Cited in

(7)

• Essential alternatives and set-dependent preferences -- an axiomatic approach. (With corrigendum by N. Houy)
• WARP and combinatorial choice
• Set comparisons in a general domain: the indirect utility criterion
• Set-valued capacities: multi-agenda decision making
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• scientific article; zbMATH DE number 1149848 (Why is no real title available?)
• What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?

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