Independence of irrelevant interpersonal comparisons (Q810339)

From MaRDI portal
Revision as of 09:25, 30 July 2024 by Openalex240730090724 (talk | contribs) (Set OpenAlex properties.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
scientific article
Language Label Description Also known as
English
Independence of irrelevant interpersonal comparisons
scientific article

    Statements

    Independence of irrelevant interpersonal comparisons (English)
    0 references
    0 references
    1991
    0 references
    The author studies an aspect of the Arrow problem under the condition that the voters' ordering profile and, accordingly, the collective ordering are explicitly depending from a parameter belonging to some fixed set, which can be interpreted as reflecting ``ethics''. The case is studied when the parameter can change within the bounds of the fixed set. The Arrow condition of independence of irrelevant alternatives is reformulated for this case and this gives rise to a strengthened analogy of the Arrow theorem. In the last paragraphs it is assumed that the individual and the collective ordering is specified by an expected utility representation, which means the possibility of risk is accounted for. The connection between the obtained results and previous results obtained by \textit{A. Sen} and \textit{D. K. Osborne} [Econometrica 44, 1001- 1015 (1976; Zbl 0338.90010)] is investigated in detail.
    0 references
    Arrow problem
    0 references
    independence of irrelevant alternatives
    0 references
    expected utility representation
    0 references

    Identifiers