Probabilistic evaluations: A universal representation for preferences over countable sets

Vicki Knoblauch ()

Journal of Mathematical Economics, 2015, vol. 57, issue C, 25-27

Abstract: We assign a probabilistic evaluation to a firm as a measure, in the form of a probability distribution over [0,1], of the quality of the firm’s products. When two firms compete to develop a new product, a prospective investor can use the two evaluations to determine which firm is likely to produce a better product. Probabilistic evaluations are shown to generate all binary relations on countable sets.

Keywords: Binary relation; Preference representation (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406815000129
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:57:y:2015:i:c:p:25-27

DOI: 10.1016/j.jmateco.2015.01.004

Access Statistics for this article

Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii

More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().