POTOMS, Tom; LAUWERS, Luc - Centrum voor Economische Studiën, Faculteit Economie … - 2013
We introduce and axiomatize two quasi-orderings that extend preferences on a set to its power set. First, a modified version of indirect utility takes into account the number of maximal elements in the opportunity set. This rule meets Puppe's axiom of preference for freedom. Second, an averaging...