A characterization of the prudent order preference function

Claude Lamboray

Mathematical Social Sciences, 2009, vol. 57, issue 3, 389-405

Abstract: We characterize a preference function that associates a set of prudent orders to a profile of linear orders. First, we prove that the set of prudent orders is the largest set verifying a particular list of axioms. By strengthening these axioms, the prudent order preference function can be fully characterized.

Keywords: Ranking; rule; Prudent; orders; Characterization (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:57:y:2009:i:3:p:389-405

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