A characterization of the prudent order preference function

We characterize a preference function that associates a set of prudent orders to a profile of linear orders. First, we prove that the set of prudent orders is the largest set verifying a particular list of axioms. By strengthening these axioms, the prudent order preference function can be fully characterized.

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Year of publication:	2009
Authors:	Lamboray, Claude
Published in:	Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 57.2009, 3, p. 389-405
Publisher:	Elsevier
Subject:	Ranking rule Prudent orders Characterization

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005280274