Biased representation of homothetic preferences on homogeneous sets
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- dc.contributor.author Le Menestrel, Marcca
- dc.contributor.author Lemaire, Bertrandca
- 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.date.modified 2017-07-23T02:08:53Z
- 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/pdfca
- 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.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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.title Biased representation of homothetic preferences on homogeneous setsca
- dc.title.alternative Ratio-scale measurement with intransitivity or incompleteness: the homogeneous case
- dc.type info:eu-repo/semantics/workingPaper