A note on justifiable preferences over opportunity sets

Dan Qui

    Research output: Contribution to journalArticle

    Abstract

    A ranking over opportunity sets is justifiable if there exists a binary relation on the set of alternatives, such that one opportunity set is at least as good as the second, if and only if there exists at least one alternative in the first set which is at least as good as any alternative of the two sets combined. This note characterizes (reflexive and complete) opportunity sets rankings which can be justified by acyclic binary relations - the broadest possible class of justifiable rankings.

    Original languageEnglish
    Pages (from-to)1961-1967
    Number of pages7
    JournalEconomics Bulletin
    Volume34
    Issue number3
    Publication statusPublished - 2014

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

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