Never Choose the Uniquely Largest: A Characterization.

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 8
Issue: 2
Pages: 239-49

Authors (2)

Baigent, Nick (not in RePEc) Gaertner, Wulf (Universität Osnabrück)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper we characterize choice behavior that picks the second largest element if there is a uniquely largest: otherwise, the largest elements are picked. Having defined our choice function, we offer a complete characterization of the latter in terms of pure choice function conditions. Similarities to and divergences from conventional choice theory are explained. We discuss the motivations underlying our exercise and provide several examples for the axiomatized choice behaviour.

Technical Details

RePEc Handle
repec:spr:joecth:v:8:y:1996:i:2:p:239-49
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25