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Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice. This paper defends that, in many contexts, external procedural aspects that are associated to an opportunity set should be taken into...
Persistent link: https://www.econbiz.de/10005788509
This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking...
Persistent link: https://www.econbiz.de/10005687759
In this paper we characterize axiomatically a ranking method that compares positions in hierarchies in terms of the influence that they provide on the evolvement of knowledge. The comparison takes into account the number of direct and indirect subordinates of the positions and is based on the...
Persistent link: https://www.econbiz.de/10010580540
Persistent link: https://www.econbiz.de/10005308107
Persistent link: https://www.econbiz.de/10005175439
Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003)), and show that, though the respective definitions of the rules and their axiomatic characterizations appear to differ...
Persistent link: https://www.econbiz.de/10005688656
Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice.This paper defends that, in many contexts, external procedural aspects that are associated to an opportunity set should be taken into...
Persistent link: https://www.econbiz.de/10011092561
Persistent link: https://www.econbiz.de/10010539327
Recent work by Bossert, Pattanaik and Xu provides axiomatic characterizations ofs ome decision rules for individual decision making under complete uncertainty. This note shows that, in the case oft wo of these rules, they do not satisfy one of the axioms used for their characterization. A...
Persistent link: https://www.econbiz.de/10005788511
This paper proposes a new framework of choice under uncertainty, where the only information available to the decision maker is about the the ordinal likelihood of the di erent outcomes each action generates. This contrasts both with the classical models where the potential out- comes of each...
Persistent link: https://www.econbiz.de/10005788515