A numerical representation of acyclic preferences when non-comparability and indifference are concepts with different meaning

Leobardo Plata-Perez ()
Additional contact information
Leobardo Plata-Perez: Universidad Autonoma de San Luis Potosi
Authors registered in the RePEc Author Service: Leobardo Plata Pérez ()

EconoQuantum, Revista de Economia y Finanzas, 2004, vol. 1, issue 0, 17-23

Abstract: The use of utility functions implies transitivity and completeness of preferences. Empirical evidence shows that these conditions fail in several individual cases. Acyclicity of preferences represents an interesting weakness of preference rationality, because it admits intransitivity of indifference and noncomparability between some alternatives. Utility correspondences were introduced by Subiza (1994) as a numerical representations of acyclic preferences. Subiza's framework is modified in this paper in order to obtain numerical representations in which we can interpret non-comparability and indifference as concepts with different meaning. Both concepts have been considered with the same meaning in the standard presentations that assume strict preference as a primitive concept.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://econoquantum.cucea.udg.mx/index.php/EQ/article/view/179 (application/pdf)
http://econoquantum.cucea.udg.mx/index.php/EQ/issue/view/27

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:qua:journl:v:1:y:2004:i:0:p:17-23

Access Statistics for this article

EconoQuantum, Revista de Economia y Finanzas is currently edited by Isai Guizar Mateos

More articles in EconoQuantum, Revista de Economia y Finanzas from Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia. Contact information at EDIRC.
Bibliographic data for series maintained by Sandra Ivett Portugal Padilla ().