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Technical note on the joint receipt of quantities of a single good

Authors
Journal
Journal of Mathematical Psychology
0022-2496
Publisher
Elsevier
Publication Date
Volume
47
Issue
1
Identifiers
DOI: 10.1016/s0022-2496(02)00020-2

Abstract

Abstract The joint receipt of x and y is the fact of receiving them both. If x and y are objects that are valued, their joint receipt is valued as well. Assumming joint receipt is a binary operation that satisfies the conditions of extensive measurement, there is a numerical representation that is additive over joint receipt. We consider the case where x and y are quantities of the same infinitely divisible good. Different sets of assumptions are explored. Invariance with respect to multiplication proves to be interesting. Invariance with respect to addition yields a linear form. A relaxation of the latter yields an approximately linear form. Finally, we consider a non-commutative but bisymmetric joint-receipt operation with a representation arising from preferences over gambles.

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