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If A is better than B and B is better than C, then A is better than C, right? Larry Temkin and Stuart Rachels say: No! Betterness is nontransitive, they claim. In this paper, I discuss the central type of argument advanced by Temkin and Rachels for this radical idea, and argue that, given this...
Persistent link: https://www.econbiz.de/10011107850
The relations between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly concerned with adding evidence for this view, but its main,...
Persistent link: https://www.econbiz.de/10011114052
component of each of them may be cyclical. The cyclicity of these relations contrasts with the transitivity of the unique …
Persistent link: https://www.econbiz.de/10008555439
This paper identifies the necessary and sufficient condition for the transitivity of the majority rule when individuals …
Persistent link: https://www.econbiz.de/10008462333
conditions for transitivity of the community preference fail in a set which is open and dense in the space of individual …
Persistent link: https://www.econbiz.de/10005623380