Individual Choice when Objects have "Ordinal" Properties
Abstract
We have attempted here to trace the implications, in terms of operational procedures, of some postulates about the "physical" nature of objects on one hand and individual choice behaviour on the other. We summarize the major result in very loose terms by asserting that if when choosing from among several objects which are characterized by "qualitative" or "ordinal" properties, an individual's choice obeys a transitivity law, then the choice is necessarily" dictated" by one characteristic a lone; that is, the underlying preference must be lexicographic in one of these ordinal properties. The reader must consult the text below for an elaboration on the meaning of the terms emphasized by quotation marks before the proper context of the result can be established.
Additional Information
© 1975 Oxford University Press. First version received August 1972; final version accepted May 1974 (Eds.). The financial support for Professor Plott supplied by NSF grant GS36214 is gratefully acknowledged. Originally issued as Social Science Working Paper 14.Additional details
- Eprint ID
- 43066
- DOI
- 10.2307/2296853
- Resolver ID
- CaltechAUTHORS:20131218-140504391
- NSF
- GS36214
- Created
-
2013-12-18Created from EPrint's datestamp field
- Updated
-
2021-11-10Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Other Numbering System Name
- Social Science Working Paper
- Other Numbering System Identifier
- 14