Chapter

About Choice

S. N. Afriat

in Logic of Choice and Economic Theory

Published in print November 1987 | ISBN: 9780198284611
Published online November 2003 | e-ISBN: 9780191595844 | DOI: http://dx.doi.org/10.1093/0198284616.003.0002
 About Choice

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The chapter is concerned with the generalities of choice and the optimum. Its eight sections are: forming a choice; demand as choice; choice functions; the optimum; optimal choice functions; revealed choice and preference; dinners and battles (these are used to represent the regularity of consumption versus the fitfulfulness of other historical events, in order to introduce consumer theory and discuss its characteristics); and the maximum doctrine.

Keywords: Arrow's impossibility theorem; choice; demand; democratic choice; optimum; positive association; revealed preference; voting

Chapter.  10234 words. 

Subjects: Microeconomics

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