Rational preference and rationalizable choice
Abstract
We study a decision maker characterized by two binary relations. The first reflects his judgments about well-being, his mental preferences. The second describes the decision maker’s choice behavior, his behavioral preferences. We propose axioms that describe a relation between these two preferences, so between mind and behavior, thus disentangling two different perspectives on preferences: a description of tastes (and attitudes) and a way to...
Paper Details
Title
Rational preference and rationalizable choice
Published Date
Oct 19, 2018
Journal
Volume
69
Issue
1
Pages
61 - 105
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