Accession Number : AD0752489
Title : Axioms for Lexicographic Preferences.
Descriptive Note : Technical rept.,
Corporate Author : PENNSYLVANIA STATE UNIV UNIVERSITY PARK COLL OF BUSINESS ADMINISTRATION
Personal Author(s) : Fishburn,Peter C.
Report Date : OCT 1972
Pagination or Media Count : 22
Abstract : Two formulations for lexicographic preferences are characterized by axioms which avoid direct reference to the importance ordering of wants or criteria that is part of the lexicographic principle. A condition which identifies the noncompensatory nature of lexicographic preferences emerges in each axiomatization. The first formulation involves preference orders on a set of alternatives for each of n criteria or wants along with corresponding holistic preference orders; the second begins with a fixed preference order on a product set. When the number of criteria is infinite, preferences need be lexicographic only in a restricted sense. (Author)
Descriptors : (*DECISION MAKING, LINGUISTICS), SET THEORY, MATHEMATICAL MODELS, MATHEMATICAL LOGIC, THEOREMS
Subject Categories : Psychology
Distribution Statement : APPROVED FOR PUBLIC RELEASE