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How vague one can be? Rational preferences without completeness or transitivity. Working paper

By Paola Manzini and Marco Mariotti


What can it mean for preferences to be rational when transitivity or completenss are not assumed? In this paper we provide a framework and a set of conditions to deal with this question. We provide representation results in terms of a pair of functions, a utility function and a vagueness function

Topics: incomplete preferences, vagueness, sure-thing principle
Year: 2003
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