On the relationship between true preference and actual choice

✍ Scribed by Ben Fine

• Publisher: Springer
• Year: 1995
• Tongue: English
• Weight: 601 KB
• Volume: 12
• Category: Article
• ISSN: 0176-1714
• DOI: 10.1007/bf00186279

✦ Synopsis

Two different reasons are considered for the divergence of actual choice from true preferences, with the latter assumed fully transitive. These are the presence of finite perception and incomplete expression. The two have a dual correspondence, with one yielding true preference more stringent, the other less stringent, than actual choice. In each case, actual choice can be "rationalised"; to yield a closer approximation to true preference for finite perception choice, given the alternatives over which choice is made, and to yield a minimal transitive ordering for incomplete expression.