Comparative incompleteness: Definitions, behavioral manifestations and elicitation

Arbeitspapier

This paper introduces measures of overall incompleteness of preference relations under risk and uncertainty, as well as measures of incompleteness of beliefs and tastes. These measures are used to define "more incomplete than" relations among different preference relations. We show how greater incompleteness is manifested in the representations of decision makers' preferences and illustrate its behavioral implications. In addition, the paper introduces incentive compatible schemes of eliciting the degrees of overall incompleteness and those of beliefs and tastes.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Queen’s Economics Department Working Paper ; No. 1443

Classification and Topics

• Classification: Wirtschaft
• Subject: Incomplete Preferences ; Knightian Uncertainty ; Comparative Incompleteness ; Elicitation Mechanisms

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Karni, Edi ; Vierø, Marie-Louise
• Event: Veröffentlichung
• (who): Queen's University, Department of Economics
• (where): Kingston (Ontario)
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/230596
• Last update: 10.03.2025, 11:45 AM CET