منابع مشابه
A Vague Theory of Choice over Time
A Vague Theory of Choice over Time We propose a novel approach to modelling time preferences, based on a cognitive shortcoming of human decision makers: the perception of future events becomes increasingly ‘blurred’ as the events are pushed further in time. We axiomatise a class of preference representations which can be specialised to rationalise ‘anomalies’ such as preference reversals and cy...
متن کاملChoice Over Time
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Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...
متن کاملIDEALS OF PSEUDO MV-ALGEBRAS BASED ON VAGUE SET THEORY
The notion of vague ideals in pseudo MV-algebras is introduced,and several properties are investigated. Conditions for a vague set to be avague ideal are provided. Conditions for a vague ideal to be implicative aregiven. Characterizations of (implicative, prime) vague ideals are discussed.The smallest vague ideal containing a given vague set is established. Primeand implicative extension proper...
متن کاملRationalization of choice when preferences are vague
In this paper, we discuss the decision situation where the (vague) preferences are represented by fuzzy relations. There are two ways to interpret this situation: (i) an individual decision maker chooses perfect rankings from a set and uses that combination of rankings as her/his preference ranking. (ii) or a group of decision makers are reporting perfect rankings but their group decision is a ...
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ژورنال
عنوان ژورنال: Advances in Theoretical Economics
سال: 2006
ISSN: 1534-5963
DOI: 10.2202/1534-5963.1265