文章基本信息

标题：The transitive core: Inference of welfare from nontransitive preference relations
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作者：Hiroki Nishimura
期刊名称：Theoretical Economics
印刷版ISSN：1555-7561
出版年度：2018
卷号：13
期号：2
页码：579-606
DOI：10.3982/TE1769
语种：English
出版社：Econometric Society
摘要：In this paper, we study methods of inferring a decision maker's true preference relation when observed choice data reveal a nontransitive preference relation due to choice mistakes. We propose some sensible properties of such methods and show that these properties characterize a unique rule of inference, called the transitive core. This rule is applied to a variety of nontransitive preference models, such as semiorders on the commodity space, relative discounting time preferences, justifiable preferences over ambiguous acts, regret preferences over risky prospects, and collective preferences induced by majority voting. We show that the transitive core offers a nontrivial and reasonable inference of the decision maker's true preference relation in these contexts.