Showing 1 - 10 of 15
making use of endogenous nature of preferences is suggested that is aimed at eliminating risks of terminating being of a … disseminating information about admissible values of strategical commodities, allowing a society to form such preferences of its …
Persistent link: https://www.econbiz.de/10005556578
Voting on unidimensional issues will produce equilibrium outcomes if voter preferences are single peaked. While the …
Persistent link: https://www.econbiz.de/10005556972
The current optimum population models found in economic literature define static optimum population used in forming policy i.e. at a given instant what should be the optimum number of people in a (closed) economy. We believe that although this definition is useful, it is very limiting as far as...
Persistent link: https://www.econbiz.de/10005125782
individual preferences may help predicting towards which solutions players will converge, at least in a social setting, and … instead on the final payoff and not on its relation to preferences or satisfaction, which are deemed non-measurable. On the … contrary, this work has shown that consistent data emerge by simply asking players to express preferences and satisfaction …
Persistent link: https://www.econbiz.de/10005118521
) the concept of recovery underlying the investment decision and (b) the distinction between decision theory and measurement …
Persistent link: https://www.econbiz.de/10005408116
If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...
Persistent link: https://www.econbiz.de/10005412461
This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation in some cases. The model resolves several paradoxes and makes easily falsifiable...
Persistent link: https://www.econbiz.de/10005118544
This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation of the general case in some cases. The model resolves several paradoxes and makes...
Persistent link: https://www.econbiz.de/10005118587
Current analysis addresses an apparently critical issue of wealth circulation in the society. In the form of three persons game, we put the welfare-related burden on taxpayers. The Negotiator No.1 stands up for citizens’ legal and moral right to social services. The Negotiator No.2 proceeds...
Persistent link: https://www.econbiz.de/10005550930
Current analysis addresses an apparently critical issue of wealth circulation in the society. In the form of three persons game, we put the welfare-related burden on taxpayers. The Negotiator No.1 stands up for citizens’ legal and moral right to social services. The Negotiator No.2 proceeds...
Persistent link: https://www.econbiz.de/10005550964