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Several experimental studies have observed substantial violations of transitivity for decisions between risky lotteries … for generating violations of transitivity. Since we find neither substantial nor systematic deviations from transitive …
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We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
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