A Note on Invariant Extensions of Preorders

التفاصيل البيبلوغرافية
العنوان: A Note on Invariant Extensions of Preorders
المؤلفون: Caradonna, Peter, Chambers, Christopher P.
سنة النشر: 2023
مصطلحات موضوعية: Economics - Theoretical Economics
الوصف: We consider the problem of extending an acyclic binary relation that is invariant under a given family of transformations into an invariant preference. We show that when a family of transformations is commutative, every acyclic invariant binary relation extends. We find that, in general, the set of extensions agree on the ranking of many pairs that (i) are unranked by the original relation, and (ii) cannot be ranked by invariance or transitivity considerations alone. We interpret these additional implications as the out-of-sample predictions generated by invariance, and study their structure.
نوع الوثيقة: Working Paper
URL الوصول: http://arxiv.org/abs/2303.04522
رقم الأكسشن: edsarx.2303.04522
قاعدة البيانات: arXiv