Chapter

Processes of 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/10.1093/0198284616.003.0003
 Processes of Choice

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This chapter deals with choice functions and preferences, and with the search and elimination processes involved in making a choice. Its five sections are: search and elimination; binary choice; preference; revealed preference; and revealed contradictions.

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

Chapter.  7475 words. 

Subjects: Microeconomics

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