On the aversion to incomplete preferences

Arlegi Pérez, Ricardo; Bourgeois-Gironde, Sacha; Hualde Vidaurre, Mikel

Publication:
On the aversion to incomplete preferences

dc.contributor.author	Arlegi Pérez, Ricardo
dc.contributor.author	Bourgeois-Gironde, Sacha
dc.contributor.author	Hualde Vidaurre, Mikel
dc.contributor.department	Ekonomia	eu
dc.contributor.department	Institute for Advanced Research in Business and Economics - INARBE	en
dc.contributor.department	Economía	es_ES
dc.contributor.funder	Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa	es
dc.date.accessioned	2021-09-03T08:46:05Z
dc.date.available	2021-09-21T23:00:12Z
dc.date.issued	2021
dc.description.abstract	We propose an axiomatization of aversion to incomplete preferences. Some prevailing models of incomplete preferences rely on the hypothesis that incompleteness is temporary and that by keeping their opportunity set open individuals reveal a preference for flexibility. We consider that the maintenance of incomplete preference is also aversive. Our model allows us to show how incompleteness induces an aversive attitude in two different ways: intrinsic and instrumental. Intrinsic aversion holds when one instance of incomplete preference in the set suffices to decrease its utility. Instrumental aversion holds only insofar dominating options are affected by incompleteness. Given two partially overlapping sets of axioms on the binary relation over sets we formalize their consistency with the two types of aversion to incompleteness. Finally, we relate our model to the classical Sen's distinction between tentative and assertive incompleteness. The spelling out of this distinction in the terms of our approach uncovers to what extent aversion to incompleteness may be compatible with a preference for flexibility.	en
dc.description.sponsorship	Financial support from the Spanish Ministry of Science and Technology (Project ECO2015-65031-R MINECO/FEDER, UE) and the Public University of Navarre is acknowledged.	en
dc.embargo.lift	2021-09-21
dc.embargo.terms	2021-09-21
dc.format.extent	43 p.
dc.format.mimetype	application/pdf	en
dc.identifier.doi	10.1007/s11238-020-09779-9
dc.identifier.issn	0040-5833
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/40408
dc.language.iso	eng	en
dc.publisher	Springer	en
dc.relation.ispartof	Theory and Decision (2021) 90:183–217	en
dc.relation.projectID	info:eu-repo/grantAgreement/MINECO//ECO2015-65031-R/ES/	en
dc.relation.publisherversion	https://doi.org/10.1007/s11238-020-09779-9
dc.rights	© Springer Science+Business Media, LLC, part of Springer Nature 2020	en
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.subject	Aversion to incomplete preferences	en
dc.subject	Preference for flexibility	en
dc.subject	Ranking sets	en
dc.title	On the aversion to incomplete preferences	en
dc.type	info:eu-repo/semantics/article	en
dc.type	Artículo / Artikulua	es
dc.type.version	info:eu-repo/semantics/acceptedVersion	en
dc.type.version	Versión aceptada / Onetsi den bertsioa	es
dspace.entity.type	Publication
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