A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning
Fuente:
Redalyc
Salvato in:
| Autore principale: | |
|---|---|
| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Universidad de Guadalajara
2004
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1876432712164704256 |
|---|---|
| author | LEOBARDO PLATA-PÉREZ |
| author_facet | LEOBARDO PLATA-PÉREZ |
| contents | A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning LEOBARDO PLATA-PÉREZ Economía y Finanzas The use of utility functions implies transitivity and completeness of preferences. Empirical evidence shows that these conditions fail in several individual cases. Acyclicity of preferences represents an interesting weakness of preference rationality, because it admits intransitivity of indifference and noncomparability between some alternatives. Utility correspondences were introduced by Subiza (1994) as a numerical representations of acyclic preferences. Subiza's framework is modified in this paper in order to obtain numerical representations in which we can interpret non-comparability and indifference as concepts with different meaning. Both concepts have been considered with the same meaning in the standard presentations that assume strict preference as a primitive concept. 2004 artículo científico 1870-6622 https://www.redalyc.org/articulo.oa?id=125015745003 en http://www.redalyc.org/revista.oa?id=1250 EconoQuantum application/pdf Universidad de Guadalajara EconoQuantum (México) Vol.1 |
| format | Artículo científico |
| id | redalyc_125015745003 |
| institution | Redalyc |
| language | en |
| publishDate | 2004 |
| publisher | Universidad de Guadalajara |
| spellingShingle | A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning LEOBARDO PLATA-PÉREZ Economía y Finanzas A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning LEOBARDO PLATA-PÉREZ Economía y Finanzas The use of utility functions implies transitivity and completeness of preferences. Empirical evidence shows that these conditions fail in several individual cases. Acyclicity of preferences represents an interesting weakness of preference rationality, because it admits intransitivity of indifference and noncomparability between some alternatives. Utility correspondences were introduced by Subiza (1994) as a numerical representations of acyclic preferences. Subiza's framework is modified in this paper in order to obtain numerical representations in which we can interpret non-comparability and indifference as concepts with different meaning. Both concepts have been considered with the same meaning in the standard presentations that assume strict preference as a primitive concept. 2004 artículo científico 1870-6622 https://www.redalyc.org/articulo.oa?id=125015745003 en http://www.redalyc.org/revista.oa?id=1250 EconoQuantum application/pdf Universidad de Guadalajara EconoQuantum (México) Vol.1 |
| title | A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning |
| topic | Economía y Finanzas |
| url | https://www.redalyc.org/articulo.oa?id=125015745003 |