Rational stability of choice functions

نویسندگان

چکیده

Two independent approaches have been used to analyze choices. A prominent notion is rationalizability: individuals choose maximizing binary relations. An alternative choices in terms of standards behavior with the von Neumann–Morgenstern (vNM)-stability. We introduce a new concept ( r - $r \mbox{-} $ stability) that turn extends stability and rationality. Our main result establishes every rationalizable choice function stable vNM-stable has an selection. appealing property well-known solution concepts (top cycle, uncovered set, …) are stable, while they neither nor vNM-stable.

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ژورنال

عنوان ژورنال: International Journal of Economic Theory

سال: 2023

ISSN: ['1742-7363', '1742-7355']

DOI: https://doi.org/10.1111/ijet.12369