Abstract:
What can it mean for preferences to be rational when transitivity or completenss are not assumed? In this paper we provide a framework and a set of conditions to deal with this question. We provide representation results in terms of a pair of functions, a utility function and a vagueness function.
Keywords:incomplete preferences; vagueness; sure-thing principle (search for similar items in EconPapers) JEL-codes:C7D8 (search for similar items in EconPapers) New Economics Papers: this item is included in nep-cbe Date: 2003-12-12, Revised 2004-07-16 Note: Type of Document - ; prepared on WinNT; to print on laser; View list of references