Showing 1 - 4 of 4
This paper develops and defends a new approach to belief aggregation, involving confidence in beliefs. It is characterised by a variant of the Pareto condition that enjoins respecting consensuses borne of compromise. Confidence aggregation recoups standard probability aggregation rules, such as...
Persistent link: https://www.econbiz.de/10014255409
A theory of when to defer a decision is proposed, according to which a decision maker defers if and only if his confidence in the relevant beliefs does not match up to the stakes involved in the decision. It uses the model of confidence in beliefs and the notion of stakes introduced in Hill...
Persistent link: https://www.econbiz.de/10013064285
This paper proposes universal provision of information about the income inequality involved in the creation of a good as a means of moderating income inequality. Existing evidence suggests that a section of the population would be willing to pay more for goods whose production involves less...
Persistent link: https://www.econbiz.de/10012844626
It is commonly argued that dynamic consistency, consequentialism and non-expected utility are incompatible. The first aim of this paper is to rebut such arguments, by targeting the implicit assumption that the relevant contingencies correspond to objective resolutions of uncertainty (that is,...
Persistent link: https://www.econbiz.de/10012905335