Download e-book for iPad: Additive Representations of Preferences: A New Foundation of by P.P. Wakker

By P.P. Wakker

ISBN-10: 9048140366

ISBN-13: 9789048140367

ISBN-10: 940157815X

ISBN-13: 9789401578158

`This booklet represents a truly actual and significant contribution to the math of determination idea.
The distinguishing function of Wakker's strategy is that he has little need of a reference experiment.
There are extra effects aplenty and lots more and plenty for the choice theorist to examine. those effects also will aid psychologists, economists and others formulate and try out types of decision-making behaviour.
by way of any criteria its book is a landmark ... very good survey and precis of the literature on additive choice types. each one web page represents the distillation of a lot suggestion. accordingly, it's a e-book that rewards interpreting and rereading. Wakker's effects and techniques of facts will enlighten examine into choice conception for plenty of years.'
British magazine of Mathematical and Statistical Psychology, forty three, 1990

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Extra resources for Additive Representations of Preferences: A New Foundation of Decision Analysis

Example text

J = l ..... n). the 'left-sum'. should be greater than the 'right-sum' of Vj(~~)'s (i = O..... m. j = I ..... n). However. because every term Vj(Zj) occurs equally often in thJ left-sum as in the right-sum. the two sums should be equal: Contradiction. Thus a 34 II Cartesian products necessary condition for the existence of an additive representation is that lists of preferences as above do not occur. This condition turns out to be also sufficient for the existence of additive value functions, if ndri is finiterC1o.

To establish the reversed implication, suppose that [xRy and not yRx). Then x = xORxl ... Rxm = y can be arranged. To prevent y = xmRxm-lR ... Rxo = x, there must be a j such that not xi+lRxi. For this j, xiPxi+l. It follows that xPy. (vi) is established, and with it the equivalence of (vi), (i), (ii), (iii), (v). Of course (iv) => (v) is direct. For (v) => (iv), note that E by definition is the symmetric part of R, and that (v) implies (vi). 2. 5, was completely general. In this subsection we consider some conditions for choice functions, simpler than congruency.

This will take about 2/3 page of reading. 5). This will take about 1/3 page of reading. l. Either choice takes about 2/3 page of reading. The work in Stage 3 is the most important intuitive part of the proof. Outside this stage no other implication of CI (and the hexagon condition) than weak separability has been used. 2. l.

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Additive Representations of Preferences: A New Foundation of Decision Analysis by P.P. Wakker

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