Characterizing lexicographic preferences

B-Tier
Journal: Journal of Mathematical Economics
Year: 2016
Volume: 63
Issue: C
Pages: 54-61

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize lexicographic preferences on product sets of finitely many coordinates. The main new axiom is a robustness property. It roughly requires this: Suppose x is preferred to y; many of its coordinates indicate that the former is better and only a few indicate the opposite. Then the decision maker is allowed a change of mind turning one coordinate in favor of x to an indifference: even if one less argument supports the preference, the fact that we started with many arguments in favor of x suggests that such a small change is not enough to give rise to the opposite preference.

Technical Details

RePEc Handle
repec:eee:mateco:v:63:y:2016:i:c:p:54-61
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29