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Segal, Uzi; Rubinstein, Ariel - Department of Economics, Boston College - 2011

We investigate the procedure of "random sampling" where the alternatives are random variables. When comparing any two alternatives, the decision maker samples each of the alternatives once and ranks them according to the comparison between the two realizations. Our main result is that when...

Persistent link: https://www.econbiz.de/10009001852

Ranking Ranking Rules

Segal, Uzi; Medina, Barak; Naeh, Shlomo - Department of Economics, Boston College - 2011

Transitivity is a fundamental requirement for consistency. Legal systems, especially when composed over time and by …

Persistent link: https://www.econbiz.de/10008783613

Transitive Regret over Statistically Independent Lotteries

Segal, Uzi - Department of Economics, Boston College - 2012

Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We show that when the choice set consists of pairwise statistically independent lotteries, transitive regret-based behavior is consistent with betweenness preferences and with a family of...

Persistent link: https://www.econbiz.de/10010575543

The Talmud On Transitivity

Segal, Uzi; Naeh, Shlomo - Department of Economics, Boston College - 2008

Transitivity is a fundamental axiom in Economics that appears in consumer theory, decision under uncertainty, and … social choice theory. While the appeal of transitivity is obvious, observed choices sometimes contradict it. This paper shows … that treatments of violations of transitivity al- ready appear in the rabbinic literature, starting with the Mishnah and …

Persistent link: https://www.econbiz.de/10004981536

Transitive Regret

Segal, Uzi; Bikhchandani, Sushil - Department of Economics, Boston College - 2009

Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice. We show that the answer is no. If choices are governed by ex ante regret and...

Persistent link: https://www.econbiz.de/10004981538