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Individual Choice when Objects have "Ordinal" Properties

Plott, Charles R. and Little, James T. and Parks, Robert P. (1975) Individual Choice when Objects have "Ordinal" Properties. Review of Economic Studies, 42 (3). pp. 403-413. ISSN 0034-6527. http://resolver.caltech.edu/CaltechAUTHORS:20131218-140504391

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Abstract

We have attempted here to trace the implications, in terms of operational procedures, of some postulates about the "physical" nature of objects on one hand and individual choice behaviour on the other. We summarize the major result in very loose terms by asserting that if when choosing from among several objects which are characterized by "qualitative" or "ordinal" properties, an individual's choice obeys a transitivity law, then the choice is necessarily" dictated" by one characteristic a lone; that is, the underlying preference must be lexicographic in one of these ordinal properties. The reader must consult the text below for an elaboration on the meaning of the terms emphasized by quotation marks before the proper context of the result can be established.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://www.jstor.org/stable/2296853OrganizationUNSPECIFIED
http://dx.doi.org/10.2307/2296853 DOIUNSPECIFIED
http://restud.oxfordjournals.org/content/42/3/403.shortPublisherUNSPECIFIED
Additional Information:© 1975 Oxford University Press. First version received August 1972; final version accepted May 1974 (Eds.). The financial support for Professor Plott supplied by NSF grant GS36214 is gratefully acknowledged. Originally issued as Social Science Working Paper 14.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFGS36214
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Other Numbering System NameOther Numbering System ID
Social Science Working Paper14
Record Number:CaltechAUTHORS:20131218-140504391
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20131218-140504391
Official Citation:Individual Choice when Objects have "Ordinal" Properties Charles R. Plott, James T. Little and Robert P. Parks The Review of Economic Studies , Vol. 42, No. 3 (Jul., 1975) , pp. 403-413 Published by: Oxford University Press Article Stable URL: http://www.jstor.org/stable/2296853
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43066
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:18 Dec 2013 22:51
Last Modified:22 Mar 2018 18:26

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