Justifiable Preferences
Justifiable Preferences
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合理的偏好
DOI:
10.2139/ssrn.1404614
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发表时间:
2009
期刊:
影响因子:
--
通讯作者:
Roee Teper
中科院分区:
文献类型:
--
作者:
E. Lehrer;Roee Teper
Justifiability is a name for a variety of well-documented behavioral phenomena that violate rational choices. For instance, preferences and choices frequently depend on payoff-irrelevant factors, and not only on the collection of alternatives. Motivated by these findings we present a generalized ambiguity model that involves a collection of multiple priors. We characterize Knightian (Bewley (2002)) preferences that accommodate justifiability. An act f is (weakly) preferred to act g if, according to at least one set of multiple priors (which is derived by a payoff-irrelevant factor) in the collection, f is unanimously preferred to g. These kind of preferences are called "justifiable preferences". In addition, a particular model of justifiable preferences that are generated by partially-specified probabilities is axiomatized.