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Choice functions and hard choicesx2729;

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A hard choice is a situation in which an agent is unable to make a justifiable choice from a given menu of alternatives. Our objective is to present a systematic treatment of the axiomatic structure of such situations. To do so, we draw on and contribute to the study of choice functions that can be indecisive, i.e., that may fail to select a non-empty set for some menus. In this more general framework, we present new characterizations of two well-known choice rules, the maximally dominant choice rule and the top-cycle choice rule. Together with existing results, this yields an understanding of the circumstances in which hard choices arise.(c) 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).

Indecisive choice functionHard choiceMaximally dominant choiceTop-cycle choiceRATIONALITYINDECISIVENESS

van Hees, Martin、Jitendranath, Akshath、Luttens, Roland Iwan

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Vrije Univ Amsterdam

2021

Journal of Mathematical Economics

Journal of Mathematical Economics

SCI
ISSN:0304-4068
年,卷(期):2021.95
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