Decomposition and Arrow-Like Aggregation of Fuzzy Preferences
Armajac Raventós-Pujol, María Jesús Campión, Esteban Induráin
Abstract
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Armajac Raventós-Pujol, María Jesús Campión, Esteban Induráin
Abstract
Open-access reader
We analyze the concept of a fuzzy preference on a set of alternatives, and how it can be decomposed in a triplet of new fuzzy binary relations that represent strict preference, weak preference and indifference. In this setting, we analyze the problem of aggregation of individual fuzzy preferences in a society into a global one that represents the whole society and accomplishes a shortlist of common-sense properties in the spirit of the Arrovian model for crisp preferences. We introduce a new technique that allows us to control a fuzzy preference by means of five crisp binary relations. This leads to an Arrovian impossibility theorem in this particular fuzzy setting.
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We analyze the concept of a fuzzy preference on a set of alternatives, and how it can be decomposed in a triplet of new fuzzy binary relations that represent strict preference, weak preference and indifference. In this setting, we analyze the problem of aggregation of individual fuzzy preferences in a society into a global one that represents the whole society and accomplishes a shortlist of common-sense properties in the spirit of the Arrovian model for crisp preferences. We introduce a new technique that allows us to control a fuzzy preference by means of five crisp binary relations. This leads to an Arrovian impossibility theorem in this particular fuzzy setting.
Key concepts: Fuzzy logic, Preference, Arrow's impossibility theorem, Binary relation, Mathematical economics, Mathematics, Arrow, Impossibility