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

Subject Categories:

  • Psychology
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE