Showing 1 - 10 of 28
Social Welfare Theory and Decision Under Risk. …
Persistent link: https://www.econbiz.de/10010750953
Given a capacity, the set of dominating k-additive capacities is a convex polytope called the k-additive monotone core; thus, it is defined by its vertices. In this paper we deal with the problem of deriving a procedure to obtain such vertices in the line of the results of Shapley and Ichiishi...
Persistent link: https://www.econbiz.de/10011025770
are dominated. In graph-theoretic terms this means that the dominance graph does not possess a source. In this paper we …
Persistent link: https://www.econbiz.de/10008789071
We present an application of relational algebra to coalition formation. This leads to specifications, which can be executed with the help of the RelView tool after a simple translation into the tool's programming language. As an example we consider a simplification of the situation in Poland...
Persistent link: https://www.econbiz.de/10008791525
We present an axiomatic model of preferences over menus that is motivated by three assumptions. First, the decision … decision maker has a preference for commitment in the sense of preferring menus with fewer undominated alternatives. We derive … a representation in which the decision maker's uncertainty about her ex post preferences is captured by means of a …
Persistent link: https://www.econbiz.de/10010899223
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
We review recent advances in the field of decision making under uncertainty or ambiguity. …
Persistent link: https://www.econbiz.de/10010738626
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may be …
Persistent link: https://www.econbiz.de/10011025754
Facing R. Sugden's criticism of our interpretation, it is shown in this paper that rationality appears as a possible consequence of Hume's theory of choice. We first argue that Sugden's dismissal of the preference relation from the type of rationality through which Hume's theory is apprehended,...
Persistent link: https://www.econbiz.de/10008789356