On freedom, lack of information and the preference for easy choices

This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking sets in such a context.

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Year of publication:	2005-03
Authors:	Arlegi, Ritxar ; Dimitrov, Dinko
Institutions:	Institut für Mathematische Wirtschaftsforschung, Universität Bielefeld
Subject:	freedom of choice \| lack of information \| extended opportunity sets \| easy choices

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 364 25 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005687759