About Choice

Sydney N. Afriat

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Decision-Making and Behavioral Economics Economic Theory and Institutions Economic theories and models

Abstract

Abstract 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.

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References

1978Measuring the efficiency of decision making units 1957The Measurement of Productive Efficiency 1955A BEHAVIORAL MODEL OF RATIONAL CHOICE 1966The Logic of Collective Action.1977Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error 1928A Mathematical Theory of Saving 1993Decisions with Multiple Objectives 1954Existence of an Equilibrium for a Competitive Economy

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