Extension of Preferences to an Ordered Set

Izmirlioglu, Yusuf (2010) Extension of Preferences to an Ordered Set. (Unpublished)

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Abstract

If a decision maker prefers x to y to z, would he choose orderd set [x;z] or [y;x]? This article studies extension of preferences over individual alternatives to an ordered set which is prevalent in closed ballot elections with proportional representation and other real life problems where the decision maker is to choose from groups with an associated hierarchy inside. I introduce ve ordinal decision rules: highest-position, top-q, lexicographic order, max-best, highest-of-best rules and provide axiomatic characterization of them. I also investigate the relationship between ordinal decision rules and the expected utility rule. In particular, whether some ordinal rules induce the same (weak) ranking of ordered sets as the expected utility rule.

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Details

Item Type:	Article
Status:	Unpublished
Creators/Authors:	Creators Email Pitt Username ORCID Izmirlioglu, Yusuf
Date:	30 June 2010
Date Type:	Publication
Institution:	University of Pittsburgh
Schools and Programs:	Dietrich School of Arts and Sciences > Economics
Refereed:	No
Related URLs:	Author Web site
Date Deposited:	21 Jul 2010 13:19
Last Modified:	20 Dec 2018 00:55
URI:	http://d-scholarship.pitt.edu/id/eprint/5664

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