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We study experimentally in the laboratory the situation when individuals have to report their private information (that is commonly known to be the sum of an observable and a random component) to a public authority that then makes inference about the true value hold by each of the individuals....
Persistent link: https://www.econbiz.de/10011026585
Clustering methods group individuals or objects based on information about their similarity or proximity. When the raw information to generate clusters cannot be easily observed or verified, the cluster designer must rely on information reported by individuals behind the observations. When these...
Persistent link: https://www.econbiz.de/10010835808
Clustering methods group individuals or objects based on information about their similarity or proximity. When the raw information to generate clusters cannot be easily observed or verified, the cluster designer must rely on information reported by individuals behind the observations. When these...
Persistent link: https://www.econbiz.de/10005094610
Persistent link: https://www.econbiz.de/10011674171
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We present a model of collective decision making in which aggregation and deliberation are treated simultaneously. In our model, individuals debate in a public forum and potentially revise their judgements in light of deliberation. Once this process is exhausted, a rule is applied to aggregate...
Persistent link: https://www.econbiz.de/10015238250
We characterize a rule for aggregating binary evaluations -- equivalently, dichotomous weak orders -- similar in spirit to the Borda rule from the preference aggregation literature. The binary evaluation framework was introduced as a general approach to aggregation by Wilson (J. Econ. Theory 10...
Persistent link: https://www.econbiz.de/10015246296
The assumption that the social preference relation is complete is demanding. We distinguish between “hard” and “soft” incompleteness, and explore the social choice implications of the latter. Under soft incompleteness, social preferences can take values in the unit interval. We motivate...
Persistent link: https://www.econbiz.de/10015252427
It has long been understood that externalities of some kind are responsible for Sen’s (1970) theorem on the impossibility of a Paretian liberal. However, Saari and Petron (2006) show that for any social preference cycle generated by combining the weak Pareto principle and individual...
Persistent link: https://www.econbiz.de/10015253124