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The expectation is an example of a descriptive statistic that is monotone with respect to stochastic dominance, and additive for sums of independent random variables. We provide a complete characterization of such statistics, and explore a…

Theoretical Economics · Economics 2024-08-06 Xiaosheng Mu , Luciano Pomatto , Philipp Strack , Omer Tamuz

We present a simple and natural non-pricing mechanism for allocating divisible goods among strategic agents having lexicographic preferences. Our mechanism has favorable properties of incentive compatibility (strategy-proofness), Pareto…

Computer Science and Game Theory · Computer Science 2017-02-17 Leonard J. Schulman , Vijay V. Vazirani

Dependence on the parameter is continuous when perturbations of the parameter preserves strict preference for one alternative over another. We characterise this property via a utility function over alternatives that depends continuously on…

Computer Science and Game Theory · Computer Science 2019-04-01 Patrick H. O'Callaghan

We define a modular multi-concept extension of the lexicographic closure semantics for defeasible description logics with typicality. The idea is that of distributing the defeasible properties of concepts into different modules, according…

Artificial Intelligence · Computer Science 2020-09-07 Laura Giordano , Daniele Theseider Dupré

We consider a model where an agent is must choose between alternatives that each provide only an imprecise description of the world (e.g. linguistic expressions). The set of alternatives is closed under logical conjunction and disjunction,…

Theoretical Economics · Economics 2024-09-11 Evan Piermont , Marcus Pivato

We consider learning problems of an intuitive and concise preference model, called lexicographic preference lists (LP-lists). Given a set of examples that are pairwise ordinal preferences over a universe of objects built of attributes of…

Artificial Intelligence · Computer Science 2019-09-20 Ahmed Moussa , Xudong Liu

Diversification represents the idea of choosing variety over uniformity. Within the theory of choice, desirability of diversification is axiomatized as preference for a convex combination of choices that are equivalently ranked. This…

Economics · Quantitative Finance 2016-10-07 Enrico G. De Giorgi , Ola Mahmoud

This paper proposes a model of choice via agentic artificial intelligence (AI). A key feature is that the AI may misinterpret a menu before recommending what to choose. A single acyclicity condition guarantees that there is a monotonic…

Theoretical Economics · Economics 2026-02-05 Christopher Kops , Elias Tsakas

Choice functions constitute a simple, direct and very general mathematical framework for modelling choice under uncertainty. In particular, they are able to represent the set-valued choices that appear in imprecise-probabilistic decision…

Artificial Intelligence · Computer Science 2019-05-22 Jasper De Bock , Gert de Cooman

Lexicographic composition is a natural way to build an aggregate choice function from component choice functions. As the name suggests, the components are ordered and choose sequentially. The sets that subsequent components select from are…

Theoretical Economics · Economics 2022-09-21 Sean Horan , Vikram Manjunath

We present a simple proof of a well-known axiomatic characterization of state-salient decision rules, using Weak Dominance Criterion and Global Independence of Irrelevant Alternatives. Subsequently we provide a simple axiomatic…

Optimization and Control · Mathematics 2025-03-11 Somdeb Lahiri

The consultative papers for the Basel II Accord require rating systems to provide a ranking of obligors in the sense that the rating categories indicate the creditworthiness in terms of default probabilities. As a consequence, the default…

Condensed Matter · Physics 2011-08-09 Dirk Tasche

Under the assumption of (positive) homogeneity (PH in the sequel) of the corresponding utility functions, we construct polynomial time algorithms for the weak separability, the collective consumption behavior and some related problems.…

Data Structures and Algorithms · Computer Science 2018-01-04 Alexander Shananin , Sergey Tarasov

Probabilistic independence can dramatically simplify the task of eliciting, representing, and computing with probabilities in large domains. A key technique in achieving these benefits is the idea of graphical modeling. We survey existing…

Artificial Intelligence · Computer Science 2013-02-21 Fahiem Bacchus , Adam J. Grove

This paper studies choice situations in which a decision maker can choose multiple alternatives. Given a menu of available options, the decision maker selects a subset of the menu with certain probabilities. We employ an axiomatic approach…

Theoretical Economics · Economics 2025-11-25 Tri Phu Vu

We consider the challenge of preference elicitation in systems that help users discover the most desirable item(s) within a given database. Past work on preference elicitation focused on structured models that provide a factored…

Artificial Intelligence · Computer Science 2012-07-19 Ronen I. Brafman , Carmel Domshlak , Tanya Kogan

We provide and axiomatize a representation for preferences over lotteries that generalizes the expected utility model. Since the representation uses different utility functions to evaluate different lotteries, the preferences can be…

Theoretical Economics · Economics 2026-03-17 Edward Honda , Keh-Kuan Sun

The notion of preferences plays an important role in many disciplines including service robotics which is concerned with scenarios in which robots interact with humans. These interactions can be favored by robots taking human preferences…

Consider Plurality with random tie-breaking. This paper uses standard axiomatic extensions of preferences over elements to preferences over sets (Kelly, Gardenfors, Responsiveness) to characterize all better-replies of a voter under…

Computer Science and Game Theory · Computer Science 2016-09-07 Reshef Meir

Despite large language models' (LLMs) recent advancements, their bias and hallucination issues persist, and their ability to offer consistent preferential rankings remains underexplored. This study investigates the capacity of LLMs to…

Computation and Language · Computer Science 2024-10-14 Xiutian Zhao , Ke Wang , Wei Peng