14.12 Game Theory Lecture Notes Theory of Choice

نویسنده

  • Muhamet Yildiz
چکیده

We consider a set X of alternatives. Alternatives are mutually exclusive in the sense that one cannot choose two distinct alternatives at the same time. We also take the set of feasible alternatives exhaustive so that a player’s choices will always be defined. Note that this is a matter of modeling. For instance, if we have options Coffee and Tea, we define alternatives as C = Coffee but no Tea, T = Tea but no Coffee, CT = Coffee and Tea, and NT = no Coffee and no Tea. Take a relation o on X. Note that a relation on X is a subset of X ×X. A relation o is said to be complete if and only if, given any x, y ∈ X, either x o y or y o x. A relation o is said to be transitive if and only if, given any x, y, z ∈ X, [x o y and y o z]⇒ x o z.

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تاریخ انتشار 2002