A linear algebra approach to non-transitive expected utility

Citation
M. Omladic et V. Omladic, A linear algebra approach to non-transitive expected utility, SOC CHOICE, 18(2), 2001, pp. 251-267
Citations number
13
Categorie Soggetti
Economics
Journal title
SOCIAL CHOICE AND WELFARE
ISSN journal
01761714 → ACNP
Volume
18
Issue
2
Year of publication
2001
Pages
251 - 267
Database
ISI
SICI code
0176-1714(200104)18:2<251:ALAATN>2.0.ZU;2-K
Abstract
The purpose of this paper is twofold. One of the aims is to give a view of P. C. Fishburn's non-transitive expected utility through geometric linear a lgebra. The other is to give an application of these ideas to ii social cho ice problem. Actually, the problem under consideration arises from the theo ry of dynamical systems of structures in a society as studied in [All] and [Om1]. A variation of this model as presented in [Om2] leads to the problem of how macro structures of a society form coalitions. Their possible irrat ional behaviour may be treated using non-transitive expected utility.