On the sufficiency of transitive preferences
نویسنده
چکیده
The assumption that preferences are transitive, or, roughly equivalently, that choice behavior satisfies the Weak Axiom of Revealed Preference, is at the core of much classical normative decision theory. This paper asks to what degree this restricts the possible outcomes of choice behavior: are there objectives that could not be attained by an agent adhering to WARP that could be attained by choices that would be said to be "intransitive"? It is argued that the answer to this question is "no" in one setting of choice under random budget sets; any outcome obtained by intransitive choice methods can also be obtained by transitive ones. Citation: Turocy, Theodore, (2007) "On the sufficiency of transitive preferences." Economics Bulletin, Vol. 4, No. 22 pp. 1-9 Submitted: April 12, 2007. Accepted: June 12, 2007. URL: http://economicsbulletin.vanderbilt.edu/2007/volume4/EB-07D00006A.pdf
منابع مشابه
On the eigenvalues of normal edge-transitive Cayley graphs
A graph $Gamma$ is said to be vertex-transitive or edge- transitive if the automorphism group of $Gamma$ acts transitively on $V(Gamma)$ or $E(Gamma)$, respectively. Let $Gamma=Cay(G,S)$ be a Cayley graph on $G$ relative to $S$. Then, $Gamma$ is said to be normal edge-transitive, if $N_{Aut(Gamma)}(G)$ acts transitively on edges. In this paper, the eigenvalues of normal edge-tra...
متن کاملOn topological transitive maps on operator algebras
We consider the transitive linear maps on the operator algebra $B(X)$for a separable Banach space $X$. We show if a bounded linear map is norm transitive on $B(X)$,then it must be hypercyclic with strong operator topology. Also we provide a SOT-transitivelinear map without being hypercyclic in the strong operator topology.
متن کاملTwo-geodesic transitive graphs of prime power order
In a non-complete graph $Gamma$, a vertex triple $(u,v,w)$ with $v$ adjacent to both $u$ and $w$ is called a $2$-geodesic if $uneq w$ and $u,w$ are not adjacent. The graph $Gamma$ is said to be $2$-geodesic transitive if its automorphism group is transitive on arcs, and also on 2-geodesics. We first produce a reduction theorem for the family of $2$-geodesic transitive graphs of prime power or...
متن کاملNormal edge-transitive Cayley graphs on the non-abelian groups of order $4p^2$, where $p$ is a prime number
In this paper, we determine all of connected normal edge-transitive Cayley graphs on non-abelian groups with order $4p^2$, where $p$ is a prime number.
متن کاملSharply $(n-2)$-transitive Sets of Permutations
Let $S_n$ be the symmetric group on the set $[n]={1, 2, ldots, n}$. For $gin S_n$ let $fix(g)$ denote the number of fixed points of $g$. A subset $S$ of $S_n$ is called $t$-emph{transitive} if for any two $t$-tuples $(x_1,x_2,ldots,x_t)$ and $(y_1,y_2,ldots ,y_t)$ of distinct elements of $[n]$, there exists $gin S$ such that $x_{i}^g=y_{i}$ for any $1leq ileq t$ and additionally $S$ is called e...
متن کامل