3 research outputs found
Conditions for the Upper Semicontinuous Representability of Preferences with Nontransitive Indifference
We present different conditions for the existence of a pair of upper semicontinuous functions representing an interval order on a topological space without imposing any restrictive assumptions neither on the topological space nor on the representing functions. The particular case of
second countable topological spaces, which is particularly interesting and frequent in economics,
is carefully considered. Some final considerations concerning semiorders finish the paper
Isotonies on ordered cones through the concept of a decreasing scale
Using techniques based on decreasing scales, necessary and sufficient conditions are presented for the existence of a continuous and homogeneous of degree one real-valued function representing a (not necessarily complete) preorder defined on a cone of a real vector space. Applications to measure theory and expected utility are given as consequences