Binary Relations in Mathematical Economics: On Continuity, Additivity and Monotonicity Postulates in Eilenberg, Villegas and DeGroot

DOI10.1007/978-3-030-70974-7_12zbMATH Open1471.91375arXiv2007.01952OpenAlexW3040622479MaRDI QIDQ5152985FDOQ5152985

Metin Uyanik, M. Ali Khan

Publication date: 28 September 2021

Published in: Trends in Mathematics (Search for Journal in Brave)

Abstract: This chapter examines how positivity and order play out in two important questions in mathematical economics, and in so doing, subjects the postulates of continuity, additivity and monotonicity to closer scrutiny. Two sets of results are offered: the first departs from Eilenberg's (1941) necessary and sufficient conditions on the topology under which an anti-symmetric, complete, transitive and continuous binary relation exists on a topologically connected space; and the second, from DeGroot's (1970) result concerning an additivity postulate that ensures a complete binary relation on a {sigma}-algebra to be transitive. These results are framed in the registers of order, topology, algebra and measure-theory; and also beyond mathematics in economics: the exploitation of Villegas' notion of monotonic continuity by Arrow-Chichilnisky in the context of Savage's theorem in decision theory, and the extension of Diamond's impossibility result in social choice theory by Basu-Mitra. As such, this chapter has a synthetic and expository motivation, and can be read as a plea for inter-disciplinary conversations, connections and collaboration.

Full work available at URL: https://arxiv.org/abs/2007.01952

zbMATH Keywords

additivitymonotonicitycontinuityordered spaceweakly ordered space

Mathematics Subject Classification ID

Ordered abelian groups, Riesz groups, ordered linear spaces (06F20) Ordered topological linear spaces, vector lattices (46A40) Mathematical economics and fuzziness (91B86)

Cites Work

• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Title not available (Why is that?)
• Representations of preference orderings
• Continuity and Continuous Multi-utility Representations of Nontotal Preorders: Some Considerations Concerning Restrictiveness
• On Qualitative Probability $/sigma$-Algebras
• The Evaluation of Infinite Utility Streams
• Aggregating Infinite Utility Streams with InterGenerational Equity: The Impossibility of Being Paretian
• Continuity Properties of Paretian Utility
• An Axiomatic Approach to Measurable Utility
• Bounded Continuous Functions on a Completely Regular Space
• Ordered Topological Spaces
• Partially Ordered Sets
• Partially Ordered Topological Spaces
• Intertemporal equity and the extension of the Ramsey criterion.
• Equity Among Generations
• A Countable, Connected, Locally Connected Hausdorff Space
• A Connected Topology for the Integers
• VALUATION EQUILIBRIUM AND PARETO OPTIMUM
• Ordering infinite utility streams comes at the cost of a non-Ramsey set
• The foundations of statistics with black swans
• Ordering infinite utility streams
• On the existence of utility functions
• Sufficient Conditions for the Existence of a Finitely Additive Probability Measure
• The axioms of subjective probability
• Sustainable recursive social welfare functions
• Topological spaces for which every continuous total preorder can be represented by a continuous utility function
• The Basic Concepts of Algebraic Logic
• The Utility Theorems of Wold, Debreu, and Arrow-Hahn
• On the existence of utility functions. II
• Wann sind alle stetigen Abbildungen in \(Y\) konstant? (When are all continuous mappings in \(Y\) constant?)
• On the existence of continuous preference orderings without utility representations
• The Relationship Between Transitive Preference and the Structure of the Choice Space
• On two problems of Urysohn
• Countable Connected Spaces
• On an extension of a theorem of Eilenberg and a characterization of topological connectedness
• On the consistency and the decisiveness of the double-minded decision-maker
• Completeness and transitivity of preferences on mixture sets
• On a Question of Bishop and Phelps
• Studies in Austrian capital theory, investment and time
• Spaces on which every Continuous Map into a given Space is Constant
• Topology and Preference Relations
• A continuous tale on continuous and separately continuous functions
• On Qualitative Probability
• The structure of useful topologies
• Mathematical Topics on Representations of Ordered Structures and Utility Theory
• Modeling large societies: why countable additivity is necessary
• Existence of Equilibria in Economies with Bads
• Finding equilibrium. Arrow, Debreu, McKenzie and the problem of scientific credit

Cited In (2)

• The intermediate value theorem and decision-making in psychology and economics: an expositional consolidation
• The continuity postulate in economic theory: a deconstruction and an integration

Recommendations

• Monotonicity and Solidarity Axioms in Economics and Game Theory 👍 👎
• On the extension of binary relations in economic and game theories 👍 👎
• The continuity postulate in economic theory: a deconstruction and an integration 👍 👎
• Continuity postulates and solvability axioms in economic theory and in mathematical psychology: a consolidation of the theory of individual choice 👍 👎
• Application of operator monotone functions in economics 👍 👎
• Title not available (Why is that?) 👍 👎
• Title not available (Why is that?) 👍 👎
• Title not available (Why is that?) 👍 👎
• Title not available (Why is that?) 👍 👎
• Title not available (Why is that?) 👍 👎

This page was built for publication: Binary Relations in Mathematical Economics: On Continuity, Additivity and Monotonicity Postulates in Eilenberg, Villegas and DeGroot

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5152985)