Fuzzy revealed preference theory☆
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Cited by (87)
Are commuter train timetables consistent with passengers’ valuations of waiting times and in-vehicle crowding?
2022, Transport PolicyCitation Excerpt :Such a model allows to estimate the weights of a welfare function based on information about the projects chosen by the government. Another formalization by the same author used fuzzification for analysis of revealed binary preferences (Basu, 1984). Brent (1991) discussed the previous techniques for revealing government's distributional weights.
Generalized transitivity: A systematic comparison of concepts with an application to preferences in the Babington Smith model
2020, International Journal of Approximate ReasoningA new view on Arrovian dictatorship in a fuzzy setting
2018, Fuzzy Sets and SystemsCitation Excerpt :In this section, we introduce our setting of fuzzy binary relations and fuzzy Arrow's type axioms where Arrovian results hold, as we shall show later. In the following definition, we fix some properties for fuzzy binary relations (see Basu [4], Barrett et al. [3], Dutta [6]). Throughout the paper, we assume that X has at least three alternatives.
Fuzzy model of residential energy decision-making considering behavioral economic concepts
2018, Applied EnergyCitation Excerpt :Against this backdrop, fuzzy logic can be deemed as particularly appropriate for the measurement and understanding of behavioral economic principles. E.g., Trillas [66] regarded it as an effective method for incorporating realistic model assumptions based on “non-standard” preferences (as defined in behavioral economics, and which have also been characterized as fuzzy [66,74]), and for measuring an individual’s different degrees of rationality. The behavioral economic concept most strongly associated with fuzzy logic thus far is bounded rationality.
Rational fuzzy and sequential fuzzy choice
2017, Fuzzy Sets and SystemsCitation Excerpt :This definition allows to study the rationality properties of the object of choice without any reference to an underlying preference. As a bridge between both positions, the idea that suitable axioms permit to test the model by optimization of nice preferences with the actual choices is central in the analysis of economic or abstract decisions (cf. Arrow [6] and Sen [42] among others; Basu [12] pioneers the analysis of the model where preferences are fuzzy, which is further explored by Banerjee [9]; Alcantud [2] introduces the analysis of revealed indifference; etc.). Social phenomena involve intrinsically subjective or vague concepts.
Preferences with grades of indecisiveness
2015, Journal of Economic Theory
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This paper was written while the author was a visitor at the Center for Operations Research and Econometrics, Louvain-la-Neuve, and the Centre d'économie mathématique, Brussels. Many useful comments from Bhaskar Dutta and a referee are gratefully acknowledged.