Exact choice and fuzzy preferences (Q1068670)

Agents often have to make exact choices on the basis of vague preferences. Therefore analysis of the way in which exact choices are induced by vague preferences is of considerable interest. In this paper we use the model of vague preferences as fuzzy orderings. One objective of this paper is conceptual in nature: we discuss several alternative notions of exact choice sets generated by a fuzzy preference ordering and corresponding notions of rationalizability of exact choices in terms of fuzzy preference orderings. The second objective of this paper is to explore conditions for rationalizability of exact choices in terms of a fuzzy preference ordering, under alternative definitions of such rationalizability.