Unequal uncertainties and uncertain inequalities: an axiomatic approach (Q1877167)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 2091403
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Unequal uncertainties and uncertain inequalities: an axiomatic approach |
scientific article; zbMATH DE number 2091403 |
Statements
Unequal uncertainties and uncertain inequalities: an axiomatic approach (English)
0 references
16 August 2004
0 references
The so-called timing effect in social choice problems is considered. The question is: the outcome of an allocation procedure depends on whether individuals' utility levels are evaluated before or after the resolution of uncertainty? Here, it is proved that several reasonable assumptions regarding welfare orderings under an uncertainty rule out pure before evaluations as well as pure after evaluations. Axiomatic characterizations of social welfare functions for uncertain incomes as well of the weighted average of the minimum and the maximum of the after and before evaluations are provided.
0 references
social choice functions
0 references
social welfare functions
0 references
inequality
0 references
uncertainty
0 references
multiple priors
0 references
0.8216966390609741
0 references
0.8117097020149231
0 references
0.8031783103942871
0 references
0.7817783951759338
0 references
0.776875913143158
0 references
