Abstract
AbstractWe describe a process to compose and decompose choice behavior, called resolution. In the forward direction, resolutions amalgamate simple choices to create a complex one. In the backward direction, resolutions detect when and how a primitive choice can be deconstructed into smaller choices. A choice is resolvable if it is the resolution of smaller choices. Rationalizability, rationalizability by a preorder, and path independence are all preserved (backward and forward) by resolutions, whereas rationalizability by a weak order (equivalently, ) is not. We characterize resolvable choices, and show that resolvability generalizes .
Funder
Università degli Studi di Catania
Publisher
Springer Science and Business Media LLC
Subject
Economics and Econometrics,Social Sciences (miscellaneous)
Cited by
9 articles.
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