Showing 1 - 10 of 126
This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The...
Persistent link: https://www.econbiz.de/10010746495
Economists have a well-developed theory of value but the theory of why people hold the values they do is rudimentary at best. In spite of the fact that it is common to argue that values are important, most work on values is normative and the positive theory of values is relatively under-...
Persistent link: https://www.econbiz.de/10010744932
Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...
Persistent link: https://www.econbiz.de/10011071089
While a large social-choice-theoretic literature discusses the aggregation of individual judgments into collective ones, there is relatively little formal work on the transformation of individual judgments in group deliberation. I develop a model of judgment transformation and prove a baseline...
Persistent link: https://www.econbiz.de/10010744872
If a group is modelled as a single Bayesian agent, what should its beliefs be? I propose an axiomatic model that connects group beliefs to beliefs of the group members. The group members may have different information, different prior beliefs and even different domains (algebras) within which...
Persistent link: https://www.econbiz.de/10010744918
In the framework of judgment aggregation, we assume that some formulas of the agenda are singled out as premisses, and that both Independence (formula-wise aggregation) and Unanimity Preservation hold for them. Whether premiss-based aggregation thus defined is compatible with conclusion-based...
Persistent link: https://www.econbiz.de/10010745144
In response to recent work on the aggregation of individual judgments on logically connected propositions into collective judgments, it is often asked whether judgment aggregation is a special case of Arrowian preference aggregation. We argue the op- posite. After proving a general impossibility...
Persistent link: https://www.econbiz.de/10010745935
The paper attached is the revised 23 April 2010 version.
Persistent link: https://www.econbiz.de/10010746030
This introduces the symposium on judgment aggregation. The theory of judgment aggregation asks how several individuals' judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this introduction is to show how ideas from the familiar...
Persistent link: https://www.econbiz.de/10010746124
In judgment aggregation, unlike preference aggregation, not much is known about domain restrictions that guarantee consistent majority outcomes. We introduce several conditions on individual judgments sufficient for consistent majority judgments. Some are based on global orders of propositions...
Persistent link: https://www.econbiz.de/10010746419