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Von Neumann–Morgenstern stable set rationalization of choice functions
Theory and Decision 89 (3):369-381 (2020)
Abstract
Two scenarios illustrate uses of von Neumann–Morgenstern stable sets in the construction of choice functions. A comparison is made to the construction of choice functions by the selection of maximal elements. A characterization is given of choice functions that are von Neumann–Morgenstern stable set rationalizable by acyclic, asymmetric binary relations. Two examples illustrate the use of the characterization.My notes
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References found in this work
Theory of Games and Economic Behavior.John Von Neumann & Oskar Morgenstern - 1944 - Princeton, NJ, USA: Princeton University Press.
Theory of Games and Economic Behavior.John von Neumann & Oskar Morgenstern - 1944 - Science and Society 9 (4):366-369.
The Theory of Social Situations: An Alternative Game-Theoretic Approach.Joseph Greenberg - 1990 - Cambridge University Press.
This or that? Sequential rationalization of indecisive choice behavior.Jesper Armouti-Hansen & Christopher Kops - 2018 - Theory and Decision 84 (4):507-524.
Rational Choice on General Domains.Walter Bossert & Kotaro Suzumura - 2008 - In Kaushik Basu & Ravi Kanbur (eds.), Arguments for a Better World: Essays in Honor of Amartya Sen: Volume I: Ethics, Welfare, and Measurement and Volume Ii: Society, Institutions, and Development. Oxford University Press.
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