The non-existence of a utility function and the structure of non-representable preference relations
In this paper we investigate the structure of non-representable preference relations. While there is a vast literature on different kinds of preference relations that can be represented by a real-valued utility function, very little is known or understood about preference relations that cannot be re...
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Veröffentlicht in: | Journal of mathematical economics 2002-02, Vol.37 (1), p.17-38 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | In this paper we investigate the structure of non-representable preference relations. While there is a vast literature on different kinds of preference relations that can be represented by a real-valued utility function, very little is known or understood about preference relations that cannot be represented by a real-valued utility function. There has been no systematic analysis of the non-representation problem. In this paper we give a complete description of non-representable preference relations which are total preorders or chains. We introduce and study the properties of four classes of non-representable chains: long chains, planar chains, Aronszajn-like chains and Souslin chains. In the main theorem of the paper we prove that a chain is non-representable if and only it is a long chain, a planar chain, an Aronszajn-like chain or a Souslin chain. |
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ISSN: | 0304-4068 1873-1538 |
DOI: | 10.1016/S0304-4068(02)00003-4 |