Fleurbaey, Marc; Schokkaert, Erik - Becker Friedman Institute for Research in Economics, … - 2012
of the theory in a framework with partial preferences and shows how one can derive partial orderings of individual and …Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This … raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected …