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Finite additive utility representations for preferences over menus

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  • Kopylov, Igor

Abstract

I characterize a finite additive utility representation for preferences over menus. The numbers of both positive and negative components in this representation are expressed explicitly in terms of preference. These expressions can be used to characterize models of temptation, perfectionism, context effects, and other phenomena.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 144 (2009)
Issue (Month): 1 (January)
Pages: 354-374

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Handle: RePEc:eee:jetheo:v:144:y:2009:i:1:p:354-374

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Web page: http://www.elsevier.com/locate/inca/622869

Related research

Keywords: Preference for flexibility Preference for commitment Subjective state space Strategic rationality;

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Cited by:
  1. Stovall, John, 2014. "Temptation with Uncertain Normative Preferences," The Warwick Economics Research Paper Series (TWERPS) 1036, University of Warwick, Department of Economics.
  2. André Lapied & Thomas Rongiconi, 2013. "Ambiguity as a Source of Temptation: Modeling Unstable Beliefs," AMSE Working Papers 1316, Aix-Marseille School of Economics, Marseille, France.
  3. Bleichrodt, Han & Quiggin, John, 2011. "Capabilities as Menus: A Non-Welfarist Basis for QALY Evaluation," Risk and Sustainable Management Group Working Papers 151199, University of Queensland, School of Economics.
  4. Riella, Gil, 2013. "Preference for Flexibility and Dynamic Consistency," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2467-2482.
  5. Sadowski, Philipp, 2013. "Contingent preference for flexibility: eliciting beliefs from behavior," Theoretical Economics, Econometric Society, vol. 8(2), May.
  6. Barbos, Andrei, 2010. "Context effects: A representation of choices from categories," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1224-1243, May.
  7. Barbos, Andrei, 2010. "A Reference Dependent Representation with Subjective Tastes," MPRA Paper 23850, University Library of Munich, Germany, revised 02 Feb 2010.
  8. Philipp Sadowski, 2011. "Contingent Preference for Flexibility: Eliciting Beliefs from Behavior," Levine's Working Paper Archive 661465000000001189, David K. Levine.
  9. Kalyan Chatterjee & R. Krishna, 2011. "On preferences with infinitely many subjective states," Economic Theory, Springer, vol. 46(1), pages 85-98, January.
  10. Jawwad Noor & Igor Kopylov, 2010. "Self-Deception and Choice," Boston University - Department of Economics - Working Papers Series WP2010-042, Boston University - Department of Economics.
  11. Hill, Brian, 2011. "Deferral, incomplete preferences and confidence," Les Cahiers de Recherche 940, HEC Paris.

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