Aggregation of incomplete ordinal preferences with approximate interpersonal comparisons
We develop a model of preference aggregation where people's psychological characteristics are mutable (hence, potential objects of individual or social choice), their preferences may be incomplete, and approximate interpersonal comparisons of well-being are possible. Formally, we consider preference aggregation when individual preferences are described by an incomplete, yet interpersonally comparable, preference order on a space of psychophysical states. Within this framework we characterize three preference aggregators: the `Suppes-Sen' preorder, the `approximate maximin' preorder, and the `approximate leximin' preorder.
|Date of creation:||21 Sep 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pivato, Marcus, 2010. "Risky social choice with approximate interpersonal comparisons of well-being," MPRA Paper 25222, University Library of Munich, Germany.
- Lloyd S. Shapley & Manel Baucells, 1998.
UCLA Economics Working Papers
779, UCLA Department of Economics.
- Manel Baucells & Lloyd S. Shapley, 2000. "Multiperson Utility," Econometric Society World Congress 2000 Contributed Papers 0078, Econometric Society.
- Barthelemy, Jean-Pierre, 1982. "Arrow's theorem: unusual domains and extended codomains," Mathematical Social Sciences, Elsevier, vol. 3(1), pages 79-89, July.
- Amartya Sen, 1996.
"Maximization and the Act of Choice,"
Harvard Institute of Economic Research Working Papers
1766, Harvard - Institute of Economic Research.
- Arrow, Kenneth J, 1977. "Extended Sympathy and the Possibility of Social Choice," American Economic Review, American Economic Association, vol. 67(1), pages 219-25, February.
- Sen, Amartya, 1970. "Interpersonal Aggregation and Partial Comparability," Econometrica, Econometric Society, vol. 38(3), pages 393-409, May.
- Sen, Amartya K, 1972. "Interpersonal Comparison and Partial Comparability: A Correction," Econometrica, Econometric Society, vol. 40(5), pages 959, September.
- Michael Mandler, 2006. "Cardinality versus Ordinality: A Suggested Compromise," American Economic Review, American Economic Association, vol. 96(4), pages 1114-1136, September.
- Fishburn, Peter C, 1974. "Impossibility Theorems without the Social Completeness Axiom," Econometrica, Econometric Society, vol. 42(4), pages 695-704, July.
- Blackorby, Charles, 1975. "Degrees of Cardinality and Aggregate Partial Orderings," Econometrica, Econometric Society, vol. 43(5-6), pages 845-52, Sept.-Nov.
- Roberts, Kevin W S, 1980. "Possibility Theorems with Interpersonally Comparable Welfare Levels," Review of Economic Studies, Wiley Blackwell, vol. 47(2), pages 409-20, January.
- Pivato, Marcus, 2010. "Approximate interpersonal comparisons of well-being," MPRA Paper 25224, University Library of Munich, Germany.
- K. J. Arrow & A. K. Sen & K. Suzumura (ed.), 2002. "Handbook of Social Choice and Welfare," Handbook of Social Choice and Welfare, Elsevier, edition 1, volume 1, number 1.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:25271. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.