A3 Vertaisarvioitu kirjan tai muun kokoomateoksen osa
Making Sense of Intransitivity, Incompleteness and Discontinuity of Preferences
Tekijät: Nurmi, Hannu
Toimittaja: Pascale Zaraté, Gregory E. Kersten, Jorge E. Hernández
Kustannuspaikka: Cham, Heidelberg, New York, Dordrecht, London
Julkaisuvuosi: 2014
Kokoomateoksen nimi: Group Decision and Negotiation: A Process-Oriented View
Sarjan nimi: Lecture Notes in Business Information Processing
Numero sarjassa: 180
Aloitussivu: 184
Lopetussivu: 192
Sivujen määrä: 9
ISBN: 978-3-319-07178-7
eISBN: 978-3-319-07179-4
ISSN: 1865-1348
DOI: https://doi.org/10.1007/978-3-319-07179-4
The starting point of modern social choice theory is the assumption that the individuals are endowed with complete and transitive preferences over the set of alternatives. Over the past 60 years a steady flow of experimental results has suggested that people tend to deviate from principles of choice stemming from the utility maximization theory. Especially in choices under risk, this behaviour makes intuitive sense. The usual culprit, i.e. the source of this "deviant" behaviour, is most often found in the violation of transitivity or - under risk - of the monotonicity in prizes principle. We show that there are grounds for arguing that even the completeness principle as well as continuity of preferences may, quite plausibly, be violated.
Ladattava julkaisu This is an electronic reprint of the original article. |  |
