Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957701 | Journal of Economic Theory | 2007 | 13 Pages |
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
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Economics, Econometrics and Finance
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Authors
Ricardo Arlegi,