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Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome as well as a disagreement outcome: the interpretation is that the latter results if the...
Persistent link: https://www.econbiz.de/10008540709
Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome as well as a disagreement outcome: the interpretation is that the latter results if the...
Persistent link: https://www.econbiz.de/10011146939
We analyse the problem of aggregating judgments over multiple issues from the perspective ofefficient aggregation of voters’ private information. While new in judgment aggregation theory,this perspective is familiar in a different body of literature about voting between twoalternatives when...
Persistent link: https://www.econbiz.de/10011160314
Democratic decision-making is often defended on grounds of the ''wisdom of crowds'': decisions are more likely to be correct if they are based on many independent opinions, so a typical argument in social epistemology. But what does it mean to have independent opinions? Opinions can be...
Persistent link: https://www.econbiz.de/10008764979
The contemporary theory of epistemic democracy often draws on the Condorcet Jury Theorem to formally justify the `wisdom of crowds''. But this theorem is inapplicable in its current form, since one of its premises---voter independence---is notoriously violated. This premise carries...
Persistent link: https://www.econbiz.de/10008764980
Rational choice theory analyzes how an agent can rationally act, given his or her preferences, but says little about where those preferences come from. Instead, preferences are usually assumed to be .xed and exogenously given. We introduce a framework for conceptualizing preference formation and...
Persistent link: https://www.econbiz.de/10008833196
According to standard rational choice theory, as commonly used in political science and economics, an agent''s fundamental preferences are exogenously fixed, and any preference change over decision options is due to Bayesian information learning. Although elegant and parsimonious, this model...
Persistent link: https://www.econbiz.de/10008567820
The standard rational choice paradigm explains an individual’s preferences by his beliefs and his fundamental desires. For instance, someone’s preference for joining the army might be explained by certain beliefs about what life in the army is like and a desire for such a life. While beliefs...
Persistent link: https://www.econbiz.de/10008458302
In a single framework, I address the question of the informational basis for evaluating social states. I particularly focus on information about individual welfare, individual preferences and individual (moral) judgments, but the model is also open to any other informational input deemed...
Persistent link: https://www.econbiz.de/10005304782
In the theory of judgment aggregation, it is known for which agendas of propositions it is possible to aggregate individual judgments into collective ones in accordance with the Arrow-inspired requirements of universal domain, collective rationality, unanimity preservation, non-dictatorship and...
Persistent link: https://www.econbiz.de/10005051725