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A note on Bossert, Pattanaik and Xu's “Choice under complete uncertainty: axiomatic characterization of some decision rules”

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  • Ritxar Arlegi

Abstract

Recent work by Bossert, Pattanaik and Xu provides axiomatic characterizations of some decision rules for individual decision making under complete uncertainty. This note shows that, in the case of two of these rules, they do not satisfy one of the axioms used for their characterization. A counterexample illustrating this fact is provided, as well as an alternative way to characterize the two rules under consideration, mantaining as far as possible the original axioms proposed by Bossert, Pattanaik and Xu. Copyright Springer-Verlag Berlin Heidelberg 2003

Suggested Citation

  • Ritxar Arlegi, 2003. "A note on Bossert, Pattanaik and Xu's “Choice under complete uncertainty: axiomatic characterization of some decision rules”," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 22(1), pages 219-225, August.
    • Handle: RePEc:spr:joecth:v:22:y:2003:i:1:p:219-225
    DOI: 10.1007/s00199-002-0270-2
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    Citations

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    Cited by:

    1. José Alcantud & Ritxar Arlegi, 2008. "Ranking sets additively in decisional contexts: an axiomatic characterization," Theory and Decision, Springer, vol. 64(2), pages 147-171, March.
    2. Arlegi, Ritxar & Dimitrov, Dinko, 2016. "Power set extensions of dichotomous preferences," Mathematical Social Sciences, Elsevier, vol. 83(C), pages 20-29.
    3. Murat Sertel & Arkadii Slinko, 2007. "Ranking committees, income streams or multisets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(2), pages 265-287, February.
    4. Jorge Alcalde-Unzu & Ricardo Arlegi & Miguel Ballester, 2013. "Uncertainty with ordinal likelihood information," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(2), pages 397-425, July.
    5. Arlegi, Ricardo, 2007. "Sequentially consistent rules of choice under complete uncertainty," Journal of Economic Theory, Elsevier, vol. 135(1), pages 131-143, July.
    6. Amélie Vrijdags, 2010. "An experimental investigation of transitivity in set ranking," Theory and Decision, Springer, vol. 68(1), pages 213-232, February.
    7. Matthew Ryan, 2014. "Path independent choice and the ranking of opportunity sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 42(1), pages 193-213, January.
    8. Brandt, Felix & Harrenstein, Paul, 2011. "Set-rationalizable choice and self-stability," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1721-1731, July.
    9. Alan Krause, 2008. "Ranking opportunity sets in a simple intertemporal framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 35(1), pages 147-154, April.
    10. Kerber, Manfred & Lange, Christoph & Rowat, Colin, 2016. "An introduction to mechanized reasoning," Journal of Mathematical Economics, Elsevier, vol. 66(C), pages 26-39.
    11. Amélie Vrijdags, 2013. "Min- and Max-induced rankings: an experimental study," Theory and Decision, Springer, vol. 75(2), pages 233-266, August.

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