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Classifying interdependence in multidimensional binary preferences

✍ Scribed by Jonathan K. Hodge; Micah TerHaar


Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
189 KB
Volume
55
Category
Article
ISSN
0165-4896

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✦ Synopsis


When individual preferences over multiple dimensions are interdependent, the resulting collective decisions can be unsatisfactory and even paradoxical. The notion of separability formalizes this idea of interdependence, and preferences that are completely free from interdependence are said to be separable. In this paper, we develop a mechanism for classifying preferences according to the extent to which they achieve or fail to achieve the desirable property of separability. We show that binary preferences over multiple dimensions are surprisingly complex, in that their interdependence structures defy the most natural attempts at characterization. We also extend previous results pertaining to the rarity of separable preferences by showing that the probability of complete nonseparability approaches 1 as the number of dimensions increases without bound.


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