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Article . 2025 . Peer-reviewed
License: CC BY
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Stochastic dominance for incomplete preferences

Authors: Tomi Francis; Johan E Gustafsson;

Stochastic dominance for incomplete preferences

Abstract

Abstract According to Stochastic Dominance, it is rationally obligatory to prefer one gamble to another if it gives you the same chances of getting final outcomes you prefer. According to Statewise Maximality, it is rationally permissible not to disprefer a gamble if it is guaranteed not to result in a final outcome you disprefer. These principles conflict in cases involving incomplete preferences, known as Opaque Sweetening cases. In this paper, we argue for Stochastic Dominance and against Statewise Maximality in Opaque Sweetening cases. First, we rebut two standard arguments for Statewise Maximality, which we call the Argument from Full Information and the Argument from the Primacy of Final Outcomes. We then provide an argument for the verdict of Stochastic Dominance in Opaque Sweetening cases. This argument appeals to the principle of Transitivity, the Sure-Thing Principle and the claim that stochastic reasoning is appropriate at least for choices which do not involve incomparability.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
hybrid