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On the Structure of Simple Preference-Based Choice Functions

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  • Pattanaik, P.K.
  • Sengupta, K.

Abstract

Consider an agent with fuzzy preferences, who has to make exact choices when faced with different feasible sets of alternatives. Confining our analysis to the case of feasible sets with not more than two alternatives, we axiomatically characterize two broad classes of decision rules (`ratio rules' and `difference rules') for determining exact choices from these two-element feasible sets on the basis of fuzzy preferences.
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Suggested Citation

  • Pattanaik, P.K. & Sengupta, K., 1995. "On the Structure of Simple Preference-Based Choice Functions," The A. Gary Anderson Graduate School of Management 95-12, The A. Gary Anderson Graduate School of Management. University of California Riverside.
    • Handle: RePEc:fth:caland:95-12
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    Keywords

    ECONOMIC THEORY;

    JEL classification:

    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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