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):
Report Date:
1972-10-01
Pagination or Media Count:
22.0
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:
Subject Categories:
- Psychology
- Operations Research