UNDERSTANDING PREFERENCE IMPRECISION

Autor:	John D. Hey, Oben K. Bayrak
Rok vydání:	2019
Předmět:	Economics and Econometrics Empirical work 050208 finance 05 social sciences Vagueness Preference Term (time) Epistemology Strength of preference 0502 economics and business Economics 050207 economics Randomness Indifference curve
Zdroj:	Journal of Economic Surveys. 34:154-174
ISSN:	1467-6419 0950-0804
Popis:	The term ‘preference imprecision’ seems to have different meanings to different people. In the literature, one can find references to a number of expressions. For example: vagueness, incompleteness, randomness, unsureness, indecisiveness and thick indifference curves. Some of these are theoretical constructs, some are empirical. The purpose of this paper is to survey the various different approaches and to try to link them together: to see if they are all addressed to the same issue, and to come to some conclusions. In the course of this survey, we report on evidence concerning the existence of preference imprecision, and its impact on theoretical and empirical work.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4c552d7e00c0754900064812feb4c479 https://doi.org/10.1111/joes.12343 Zobrazit plný text záznamu Plný text