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On freedom, lack of information and the preference for easy choices

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Author Info
Ritxar Arlegi () (Department of Economics, Public University of Navarra)
Dinko Dimitrov () (Institute of Mathematical Economics, Bielefeld University)

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Abstract

This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking sets in such a context.

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File URL: http://www.imw.uni-bielefeld.de/papers/files/imw-wp-364.pdf
File Format: application/pdf
File Function: First version, 2005
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Publisher Info
Paper provided by Bielefeld University, Institute of Mathematical Economics in its series Working Papers with number 364.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 25 pages
Date of creation: Mar 2005
Date of revision:
Handle: RePEc:bie:wpaper:364

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Postal: Postfach 10 01 31, 33501 Bielefeld
Web page: http://www.imw.uni-bielefeld.de/
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Related research
Keywords: freedom of choice; lack of information; extended opportunity sets; easy choices;

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

References listed on IDEAS
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  1. Bossert, Walter, 2000. "Opportunity sets and uncertain consequences1," Journal of Mathematical Economics, Elsevier, vol. 33(4), pages 475-496, May. [Downloadable!] (restricted)
  2. Pattanaik, Prasanta K. & Xu, Yongsheng, 2000. "On diversity and freedom of choice," Mathematical Social Sciences, Elsevier, vol. 40(2), pages 123-130, September. [Downloadable!] (restricted)
    Other versions:
  3. Sen, Amartya, 1991. "Welfare, preference and freedom," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 15-29, October. [Downloadable!] (restricted)
  4. Puppe, Clemens, 1996. "An Axiomatic Approach to "Preference for Freedom of Choice"," Journal of Economic Theory, Elsevier, vol. 68(1), pages 174-199, January. [Downloadable!] (restricted)
  5. Dinko Dimitrov & Peter Borm & Ruud Hendrickx, 2004. "Good and bad objects: the symmetric difference rule," Economics Bulletin, Economics Bulletin, vol. 4(11), pages 1-7. [Downloadable!]
  6. Jones, Peter & Sugden, Robert, 1982. "Evaluating choice," International Review of Law and Economics, Elsevier, vol. 2(1), pages 47-65, June. [Downloadable!] (restricted)
  7. Bossert Walter & Pattanaik Prasanta K. & Xu Yongsheng, 1994. "Ranking Opportunity Sets: An Axiomatic Approach," Journal of Economic Theory, Elsevier, vol. 63(2), pages 326-345, August. [Downloadable!] (restricted)
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