Published February 1974 | Accepted Version
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On Game Solutions and Revealed Preference Theory

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Abstract

Several connections between concepts underlying the theory of revealed preference and the concepts underlying solutions to cooperative games, have been established by Wilson. In this paper we provide some new connections. Wilson established the relationship between the solution concept of Von Neumann and Morgenstern and the strongest forms of rational choice found at Richter and Hansson. Here, for the cases of finite sets of alternatives, we provide connections with weaker "degrees" of rationality found at Plott, Richter, and Sen.

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August 19, 2023
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