An Axiomatic characterization of the prudent order preference function
Résumé
In this paper, we will axiomatize a preference function that associates to a profile of linear orders the set of its corresponding prudent orders. We will introduce axioms that will restrict the set of linear orders to the set of prudent orders. By slightly adapting these axioms, the prudent order preference function can be fully characterized. Finally, we will characterize the extended prudent order preference function by introducing an additional Condorcet-like criterion.
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