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Preferences as Desire Fulfilment

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  • Marc-Arthur Diaye
  • Daniel Schoch

Abstract

We consider preferences as fulfilment of cardinal conditional desires, which can be either positive or negative, or both. In contrast to the standard multiattributive approach, we do not presuppose the desires to be preferentially independent, but rather allow for conditional preference reversal. It is only assumed that the desires do not supervene on each other. The relation between preferences and desires are analyzed. We formulate a representation theorem characterizing when a preference order is compatible with the logical structure of desires, and has an additive representation over the desires. It is unique relative to a given utility function representing the preferences. For cardinal preferences on a difference or ratio scale, this implies that the strength of desires is measured on a common ration scale.

Suggested Citation

  • Marc-Arthur Diaye & Daniel Schoch, 2003. "Preferences as Desire Fulfilment," Documents de recherche 03-17, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    • Handle: RePEc:eve:wpaper:03-17
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    References listed on IDEAS

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    1. Jean-Guillaume Sahuc, 2002. "Influence of Parameter Estimation Uncertainty on the European Central Banker Behavior: An Extension," Documents de recherche 02-18, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    2. Diaye, Marc-Arthur, 1999. "Variable intervals model," Mathematical Social Sciences, Elsevier, vol. 38(1), pages 21-33, July.
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    Cited by:

    1. Facundo Alvaredo & Carlos Winograd, 2004. "Dette souveraine : crise et restructuration," Documents de recherche 04-20, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    2. Patricia Crifo & Marc-Arthur Diaye, 2004. "Incentives in Agency Relationships: To Be Monetary or Non-Monetary?," Documents de recherche 04-09, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    3. Uk Hwang & Francesco Magris, 2005. "Intergenerational Conflicts and the Resource Policy Formation of a Short-Lived Government," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 141(III), pages 437-457, September.

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    Keywords

    Preferences; Desires; Utility;
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