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Logic of Choice and Economic Theory$
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S. N. Afriat

Print publication date: 1987

Print ISBN-13: 9780198284611

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198284616.001.0001

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About Choice

About Choice

Chapter:
(p.13) I.1 About Choice
Source:
Logic of Choice and Economic Theory
Author(s):

S. N. Afriat

Publisher:
Oxford University Press
DOI:10.1093/0198284616.003.0002

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

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