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A characterization of the prudent order preference function

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  • Lamboray, Claude

Abstract

We characterize a preference function that associates a set of prudent orders to a profile of linear orders. First, we prove that the set of prudent orders is the largest set verifying a particular list of axioms. By strengthening these axioms, the prudent order preference function can be fully characterized.

Suggested Citation

  • Lamboray, Claude, 2009. "A characterization of the prudent order preference function," Mathematical Social Sciences, Elsevier, vol. 57(3), pages 389-405, May.
    • Handle: RePEc:eee:matsoc:v:57:y:2009:i:3:p:389-405
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    References listed on IDEAS

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