Article ID Journal Published Year Pages File Type
957701 Journal of Economic Theory 2007 13 Pages PDF
Abstract

This work analyzes the problem of individual choice under complete uncertainty  . In this context, each alternative action consists of a set of different possible outcomes with no associated probability distribution. The work examines and defines a class of rules such that: (a) the evaluation of sets (actions) follows a certain procedural pattern; and (b) an assumption of sequential contraction consistency, which is an adaptation of Sen's αα condition, is satisfied. In this framework, some results of characterization show that several well-known rules for comparing sets of outcomes can be reinterpreted in procedural terms.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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