Order, Topology and Preference (Classic Reprint) - Softcover

Murat R. Sertel

 
9781332881116: Order, Topology and Preference (Classic Reprint)

Synopsis

This book delves into the connection between order, topology, and preference, exploring how standard order and topology notions, facts, and methods can be used to analyze central topics in preference theory. The author extends the foundations of Gorman's insightful characterization of preference structures by relaxing two of Gorman's postulates to a much weaker postulate: connectivity. It also introduces two new theorems that are likely to be of particular interest to readers. The author demonstrates how a preference relation can be represented by a continuous real-valued function preserving that relation, extending Debreu's celebrated first representation theorem by dropping the separability assumption for the space of prospects. The work extends the theory of preference, particularly Gorman's characterization of the structure of preference relations and their representations. It also contributes to the ongoing research on planning and control for multiple objectives being conducted within the MIPC Group at the Sloan School of Management, M.I.T.

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About the Author

Sertel is at Bogazici University and the Turkish Academy of Sciences.

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