Freedom, opportunity and uncertainty: A logical approachGekker, R. & van Hees, M., Sep-2006, In : Journal of Economic Theory. 130, 1, p. 246-263 18 p.
Research output: Contribution to journal › Article › Academic › peer-review
The paper explores the possibility of analyzing opportunities within a logical framework. We make clear how a person's freedom in different choice situations yield opportunity rankings by showing how such rankings are completely determined by subjacent logical chains. We explore one interpretation of such chains in particular, and show that it leads to results similar to those obtained earlier by Nehring and Puppe. Furthermore, for contexts in which not all of the consequences of one's acts are known, we present an alternative characterization of the leximin-ranking. (c) 2005 Elsevier Inc. All rights reserved.
|Number of pages||18|
|Journal||Journal of Economic Theory|
|Publication status||Published - Sep-2006|
- freedom, preferential logic, opportunity sets, uncertainty, POWER SET, AXIOMATIC CHARACTERIZATION, PREFERENCE, CHOICE, EXTENSION, ORDER