Rational preference and rationalizable choice

• Published in: Economic theory Vol. 69; no. 1; pp. 61 - 105
• Main Authors: Cerreia-Vioglio, Simone, Giarlotta, Alfio, Greco, Salvatore, Maccheroni, Fabio, Marinacci, Massimo
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer 01.02.2020; Springer Berlin Heidelberg; Springer Nature B.V
• Subjects: Analysis; Behavior; Bias; Decision analysis; Decision-making; Economic theory; Economic Theory/Quantitative Economics/Mathematical Methods; Economics; Economics and Finance; Frame analysis; Game Theory; Microeconomics; Preferences; Public Finance; Research Article; Social and Behav. Sciences; Behavioral preferences; D81; Robust ordinal regression; Mental preferences

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 prefere...