Completeness and transitivity of preferences on mixture sets

DOI10.1016/J.MATHSOCSCI.2019.03.004zbMATH Open1426.91086arXiv1810.02454OpenAlexW2895698198WikidataQ128086635 ScholiaQ128086635MaRDI QIDQ2334864FDOQ2334864

Authors: Tsogbadral Galaabaatar, M. Ali Khan, Metin Uyanik 

Publication date: 8 November 2019

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Abstract: In this paper, we show that the presence of the Archimedean and the mixture-continuity properties of a binary relation, both empirically non-falsifiable in principle, foreclose the possibility of consistency (transitivity) without decisiveness (completeness), or decisiveness without consistency, or in the presence of a weak consistency condition, neither. The basic result can be sharpened when specialized from the context of a generalized mixture set to that of a mixture set in the sense of Herstein-Milnor (1953). We relate the results to the antecedent literature, and view them as part of an investigation into the interplay of the structure of the choice space and the behavioral assumptions on the binary relation defined on it; the ES research program due to Eilenberg (1941) and Sonnenschein (1965), and one to which Schmeidler (1971) is an especially influential contribution.

Full work available at URL: https://arxiv.org/abs/1810.02454

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zbMATH Keywords

consistencypreferencesdecisiveness

Mathematics Subject Classification ID

Individual preferences (91B08)

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Cited In (16)

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