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Biased representation of homothetic preferences on homogeneous sets

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dc.contributor.author Le Menestrel, Marc
dc.contributor.author Lemaire, Bertrand
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:24Z
dc.date.available 2017-07-26T10:50:24Z
dc.date.issued 2004-11-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=794
dc.identifier.citation Theory and Decision, 60: 207-217, 2006
dc.identifier.uri http://hdl.handle.net/10230/439
dc.description.abstract In the homogeneous case of one-dimensional objects, we show that any preference relation that is positive and homothetic can be represented by a quantitative utility function and unique bias. This bias may favor or disfavor the preference for an object. In the first case, preferences are complete but not transitive and an object may be preferred even when its utility is lower. In the second case, preferences are asymmetric and transitive but not negatively transitive and it may not be sufficient for an object to have a greater utility for be preferred. In this manner, the bias reflects the extent to which preferences depart from the maximization of a utility function.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 794
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Biased representation of homothetic preferences on homogeneous sets
dc.title.alternative Ratio-scale measurement with intransitivity or incompleteness: the homogeneous case
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:08:53Z
dc.subject.keyword intransitive preferences
dc.subject.keyword incomplete preferences
dc.subject.keyword irrational behavior
dc.subject.keyword bias
dc.subject.keyword procedural concerns
dc.subject.keyword process of choice
dc.subject.keyword Microeconomics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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