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Necessary and possible preference structures

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  • Giarlotta, Alfio
  • Greco, Salvatore

Abstract

A classical approach to model a preference on a set A of alternatives uses a reflexive, transitive and complete binary relation, i.e. a total preorder. Since the axioms of a total preorder do not usually hold in many applications, preferences are often modeled by means of weaker binary relations, dropping either completeness (e.g. partial preorders) or transitivity (e.g. interval orders and semiorders). We introduce an alternative approach to preference modeling, which uses two binary relations–the necessary preference ≿N and the possible preference ≿P–to fulfill completeness and transitivity in a mixed form. Formally, a NaP-preference (necessary and possible preference) on A is a pair (≿N,≿P) such that ≿N is a partial preorder on A and ≿P is an extension of ≿N satisfying mixed properties of transitivity and completeness. We characterize a NaP-preference (≿N,≿P) by the existence of a nonempty set R of total preorders such that ⋂R=≿N and ⋃R=≿P. In order to analyze the representability of NaP-preferences via families of utility functions, we generalize the notion of a multi-utility representation of a partial preorder by that of a modal utility representation of a pair of binary relations. Further, we give a dynamic view of the family of all NaP-preferences on a fixed set A by endowing it with a relation of partial order, which is defined according to the stability of the information represented by each NaP-preference.

Suggested Citation

  • Giarlotta, Alfio & Greco, Salvatore, 2013. "Necessary and possible preference structures," Journal of Mathematical Economics, Elsevier, vol. 49(2), pages 163-172.
  • Handle: RePEc:eee:mateco:v:49:y:2013:i:2:p:163-172
    DOI: 10.1016/j.jmateco.2013.01.001
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    7. Arcidiacono, Sally Giuseppe & Corrente, Salvatore & Greco, Salvatore, 2021. "Robust stochastic sorting with interacting criteria hierarchically structured," European Journal of Operational Research, Elsevier, vol. 292(2), pages 735-754.
    8. Faro, José Heleno & Lefort, Jean-Philippe, 2019. "Dynamic objective and subjective rationality," Theoretical Economics, Econometric Society, vol. 14(1), January.
    9. Simone Cerreia-Vioglio & Alfio Giarlotta & Salvatore Greco & Fabio Maccheroni & Massimo Marinacci, 2020. "Rational preference and rationalizable choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 61-105, February.
    10. Nobuo Koida, 2021. "Intransitive indifference with direction-dependent sensitivity," KIER Working Papers 1061, Kyoto University, Institute of Economic Research.
    11. Federica Ceron & Vassili Vergopoulos, 2020. "Recursive objective and subjective multiple priors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02900497, HAL.
    12. Uyanık, Metin & Khan, M. Ali, 2019. "On the consistency and the decisiveness of the double-minded decision-maker," Economics Letters, Elsevier, vol. 185(C).
    13. Federica Ceron & Vassili Vergopoulos, 2020. "Recursive objective and subjective multiple priors," Documents de travail du Centre d'Economie de la Sorbonne 20008, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    14. Greco, Salvatore & Ishizaka, Alessio & Tasiou, Menelaos & Torrisi, Gianpiero, 2019. "Sigma-Mu efficiency analysis: A methodology for evaluating units through composite indicators," European Journal of Operational Research, Elsevier, vol. 278(3), pages 942-960.
    15. Uyanik, Metin & Khan, M. Ali, 2022. "The continuity postulate in economic theory: A deconstruction and an integration," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    16. Aniruddha Ghosh & M. Ali Khan & Metin Uyanık, 2023. "Continuity postulates and solvability axioms in economic theory and in mathematical psychology: a consolidation of the theory of individual choice," Theory and Decision, Springer, vol. 94(2), pages 189-210, February.
    17. Simone Cerreia-Vioglio & Efe A. Ok, 2018. "The Rational Core of Preference Relations," Working Papers 632, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    18. M. Ali Khan & Metin Uyanik, 2019. "On an Extension of a Theorem of Eilenberg and a Characterization of Topological Connectedness," Papers 1912.12787, arXiv.org.
    19. Greco, Salvatore & Mousseau, Vincent & Słowiński, Roman, 2014. "Robust ordinal regression for value functions handling interacting criteria," European Journal of Operational Research, Elsevier, vol. 239(3), pages 711-730.
    20. Federica Ceron & Vassili Vergopoulos, 2020. "Recursive objective and subjective multiple priors," Working Papers halshs-02563318, HAL.
    21. Lorenzo Bastianello & José Heleno Faro & Ana Santos, 2022. "Dynamically consistent objective and subjective rationality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(2), pages 477-504, September.
    22. Salvatore Corrente & Salvatore Greco & Roman Słowiński, 2017. "Handling imprecise evaluations in multiple criteria decision aiding and robust ordinal regression by n-point intervals," Fuzzy Optimization and Decision Making, Springer, vol. 16(2), pages 127-157, June.
    23. Federica Ceron & Vassili Vergopoulos, 2020. "Recursive objective and subjective multiple priors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02563318, HAL.

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