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AXIOMATIC CHARACTERIZATIONS OF PROBABILISTIC MAX-MIN EXTENDED CHOICE CORRESPONDENCE

Somdeb Lahiri

Abstract:

In this paper we provide two axiomatic characterizations of the proba-bilistic max min extended choice correspondence support, for a decision maker who has state dependent preferences (represented by a linear order) over the set of alternatives and a (subjective) probability vector over states of nature, where both preferences and probability vectors are variable.

Keywords:

state dependent preferences, extended choice correspondence

Reference index:

Somdeb Lahiri, (2022), AXIOMATIC CHARACTERIZATIONS OF PROBABILISTIC MAX-MIN EXTENDED CHOICE CORRESPONDENCE, Multiple Criteria Decision Making (17), pp. 87-101

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