On Preference and Freedom |
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| Authors: | Pattanaik Prasanta K Xu Yongsheng |
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| Institution: | (1) Department of Economics, University of California, Riverside, CA, 92521, U.S.A.;(2) Department of Economics, University of Nottingham, University Park, Nottingham, NG7 2RD, U.K. |
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| Abstract: | We consider the role of preferences in the assessment of an agent's freedom, visualized as the opportunity for choice. After discussing several possible intuitive approaches to the problem, we explore an approach based on the notion of preference orderings that a reasonable person may possibly have. Using different sets of axioms, we characterize the rules for ranking opportunity sets in terms of freedom. We also show that certain axioms for ranking opportunity sets are incompatible. |
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| Keywords: | Freedom Opportunity set Ranking Reasonable person's preferences |
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