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A note on justifiable preferences over opportunity sets

Author

Listed:
  • Dan Qin

    (Graduate school of economics, Waseda University)

Abstract

A ranking over opportunity sets is justifiable if there exists a binary relation on the set of alternatives, such that one opportunity set is at least as good as the second, if and only if there exists at least one alternative in the first set which is at least as good as any alternative of the two sets combined. This note characterizes (reflexive and complete) opportunity sets rankings which can be justified by acyclic binary relations – the broadest possible class of justifiable rankings.

Suggested Citation

  • Dan Qin, 2014. "A note on justifiable preferences over opportunity sets," Economics Bulletin, AccessEcon, vol. 34(3), pages 1961-1967.
  • Handle: RePEc:ebl:ecbull:eb-14-00634
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2014/Volume34/EB-14-V34-I3-P179.pdf
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    References listed on IDEAS

    as
    1. Somdeb Lahiri, 2003. "Justifiable preferences over opportunity sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(1), pages 117-129, August.
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    More about this item

    Keywords

    Opportunity sets; justifiable preferences; acyclicity; instrumentalism;
    All these keywords.

    JEL classification:

    • D0 - Microeconomics - - General
    • D1 - Microeconomics - - Household Behavior

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