On freedom, lack of information and the preference for easy choices

Ritxar Arlegi and Dinko Dimitrov
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Ritxar Arlegi: Center for Mathematical Economics, Bielefeld University

No 364, Center for Mathematical Economics Working Papers from Center for Mathematical Economics, Bielefeld University

Abstract: This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking sets in such a context.

Keywords: Freedom of choice; Extended opportunity sets; Easy choices; Lack of information (search for similar items in EconPapers)
Date: 2011-08-12
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https://pub.uni-bielefeld.de/download/2315471/2319796 First Version, 2005 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bie:wpaper:364

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