Prudent choices and rationality
In this paper, we study the relationships between binary lexicographic composition of rationales (see [Tadenuma, 2002]), prudent choices (see [Houy, 2008a]) and refined prudent choices (see [Houy, 2008b]) in the case of multi-criteria decision making. We show that these relationships are linked to the non-emptiness and rationality properties of these choice functions.
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- Tadenuma, Koichi, 2002.
"Egalitarian-Equivalence and the Pareto Principle for Social Preferences,"
128, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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- Tadenuma, Koichi, 2002.
"Efficiency First or Equity First? Two Principles and Rationality of Social Choice,"
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- Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
- Paola Manzini & Marco Mariotti, 2005. "Shortlisting," Public Economics 0503006, EconWPA, revised 14 Jul 2005.
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