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Completeness and transitivity of preferences on mixture sets

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  • Galaabaatar, Tsogbadral
  • Khan, M. Ali
  • Uyanık, Metin

Abstract

This paper contributes to the interplay of the behavioral assumptions on a binary relation and the structure of the choice space on which it is defined: the (ES) research program of Eilenberg (1941) and Sonnenschein (1965) to which Schmeidler (1971) is an especially influential contribution. We show that the presence of the Archimedean and mixture-continuity properties, both empirically non-falsifiable in principle, foreclose the possibility of consistency (transitivity) without decisiveness (completeness), or decisiveness without consistency, or in the presence of a weak consistency condition, both indecisiveness and inconsistency altogether. Second, we delineate how semi-transitivity of a relation is already hidden in linearity assumptions; and third, offer sufficient conditions that yield an isomorphism theorem that reduces a general setting to the usual order on an interval, and thereby yields the classic theorem of Herstein–Milnor (1953). We remark on extensions to a generalized mixture set of Chipman–Fishburn.

Suggested Citation

  • Galaabaatar, Tsogbadral & Khan, M. Ali & Uyanık, Metin, 2019. "Completeness and transitivity of preferences on mixture sets," Mathematical Social Sciences, Elsevier, vol. 99(C), pages 49-62.
  • Handle: RePEc:eee:matsoc:v:99:y:2019:i:c:p:49-62
    DOI: 10.1016/j.mathsocsci.2019.03.004
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    9. Georgios Gerasimou, 2013. "On continuity of incomplete preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 157-167, June.
    10. Gilboa,Itzhak, 2009. "Theory of Decision under Uncertainty," Cambridge Books, Cambridge University Press, number 9780521517324.
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    Cited by:

    1. M. Ali Khan & Metin Uyanik, 2021. "The Yannelis–Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 799-840, April.
    2. 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).
    3. Aniruddha Ghosh & Mohammed Ali Khan & Metin Uyanik, 2022. "The Intermediate Value Theorem and Decision-Making in Psychology and Economics: An Expositional Consolidation," Games, MDPI, vol. 13(4), pages 1-24, July.
    4. M. Ali Khan & Metin Uyanik, 2020. "Binary Relations in Mathematical Economics: On the Continuity, Additivity and Monotonicity Postulates in Eilenberg, Villegas and DeGroot," Papers 2007.01952, arXiv.org.
    5. Metin Uyanik & Aniruddha Ghosh & M. Ali Khan, 2023. "Separately Convex and Separately Continuous Preferences: On Results of Schmeidler, Shafer, and Bergstrom-Parks-Rader," Papers 2310.00531, arXiv.org.
    6. 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.
    7. M. Ali Khan & Metin Uyanık, 2021. "Topological connectedness and behavioral assumptions on preferences: a two-way relationship," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(2), pages 411-460, March.
    8. Galaabaatar, Tsogbadral, 2020. "On expected utility theorems on mixture sets," Economics Letters, Elsevier, vol. 197(C).
    9. Uyanık, Metin & Khan, M. Ali, 2019. "On the consistency and the decisiveness of the double-minded decision-maker," Economics Letters, Elsevier, vol. 185(C).

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