The Quasi-Transitivity Axiom of Preference and the Theory of Choice Functions
Marc‐Arthur Diaye
Abstract
Marc‐Arthur Diaye
Abstract
We examine here the quasi-transitivity axiom which is considered to be a minimal criterion which a rational preference should respect. We check for the consistency of this axiom with the well-known theory if choice function.
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We examine here the quasi-transitivity axiom which is considered to be a minimal criterion which a rational preference should respect. We check for the consistency of this axiom with the well-known theory if choice function.
Key concepts: Transitive relation, Axiom independence, Axiom, Choice function, Axiom of choice, Mathematical economics, Revealed preference, Preference