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What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?
Journal article   Open access  Peer reviewed

What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?

M Lombardi
Mathematical Social Sciences, Vol.59(3), pp.323-325
21/01/2010

Abstract

A choice correspondence is weak justified if a non-chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is some chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by the weak axiom of revealed non-inferiority and a weak form of maximality. It is weaker than the form of maximality characterized by the weak axiom of revealed preference.
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http://dx.doi.org/10.1016/j.mathsocsci.2010.01.001View
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