The transitive core: Inference of welfare from nontransitive preference relations
نویسندگان
چکیده
منابع مشابه
The transitive core: inference of welfare from nontransitive preference relations
This paper studies welfare criteria under an environment in which a decision maker is endowed with a nontransitive preference relation. In such an environment, the classical utilitarian welfare criterion may not identify the welfare order, and the problem of maximizing the decision maker’s welfare becomes ambiguous. In order to find a criterion that applies to nontransitive preference relations...
متن کاملThe transitive core of preference relations
Much evidence suggests that a preference relation of a decision maker is often not transitive in reality. Armstrong [1, 2, 3] and Luce [11] argued that, in contrast to the standard utility theory, a preference relation of a decision maker is suffered from nontransitive indifferences due to the imperfect powers of discrimination. Kahneman and Tversky [8] presented the extensive experimental resu...
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We characterize weak continuity of an interval order on a topological space (X, τ) by using the concept of a scale in a topological space. Mathematics Subject Classification: 06A06; 54F05; 91B16
متن کاملLifted Inference on Transitive Relations
Lifted inference algorithms are able to boost efficiency through exploiting symmetries of the underling firstorder probabilistic models. Models with transitive relations (e.g., if X and Y are friends and so are Y and Z, then X and Z will likely be friends) are essential in social network analysis. With n elements in a transitive relation model, the computational complexity of exact propositiona...
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Preference relations can provide a more realistic model of random phenomena than quantita tive probability or belief functions. In order to use preference relations for reasoning under un certainty, it is necessary to perform sequential and parallel combinations of propagated infor mation in a qualitative inference network. This paper discusses the rules for such sequential and parallel comb...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2018
ISSN: 1933-6837
DOI: 10.3982/te1769