Basic Quasirationality

Science Direct Working Paper No S1574-0358(04)70668-1

7 Pages Posted: 2 Apr 2018

Date Written: September 2001

Abstract

In this paper we attempt to arrive at axiomatic characterizations of choice functions which are subrational and where chosen elements are a subset of the solution set obtained by maximizing a binary relation. We also try to provide axiomatic characterizations of choice functions where choice sets contain atleast one solution obtained by maximizing a binary relation. We call such choice functions quasirational. A particular type of quasirational choice functions are what we call consistent choice functions. We provide an axiomatization of such solutions in this paper as well.

Keywords: Control and Optimization, Logic, Applied Mathematics, Applied_mathematics/0109006

Suggested Citation

Lahiri, Somdeb, Basic Quasirationality (September 2001). Science Direct Working Paper No S1574-0358(04)70668-1, Available at SSRN: https://ssrn.com/abstract=3153585

Somdeb Lahiri (Contact Author)

Lok Jagruti (LJ) University ( email )

S.G. Road & Kataria Motors
Sarkhej Circle
Ahmedabad, IN Gujarat 382210
India

HOME PAGE: http://https://sites.google.com/view/somdeblahiri/home

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