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In the literature on social choice and fuzzy preferences, a central question is how to represent the transitivity of a fuzzy binary relation. Arguably the most general way of doing this is to assume a form of transitivity called max-star transitivity. The star operator in this formulation is...
Persistent link: https://www.econbiz.de/10008534447
A general model of judgment aggregation is presented in which judgments on propositions are not binary but come in degrees. The primitives of the model are a set of propositions, an entailment relation, and a “triangular norm” which establishes a lower bound on the degree to which a...
Persistent link: https://www.econbiz.de/10008534436
Imagine that everyone in a group chooses a real number and then these numbers are combined to produce a group number. Suppose that when everyone moves strictly closer to some individual’s number, the group number either stays where it is or moves closer to this number. We call this the...
Persistent link: https://www.econbiz.de/10008534446
We present a model of collective decision making in which aggregation and deliberation are treated simultaneously. In our model, individuals debate in a public forum and potentially revise their judgements in light of deliberation. Once this process is exhausted, a rule is applied to aggregate...
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draft paper
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The liabilities of a pension plan are monetary amounts to be paid at various times in the future.The current legal and regulatory framework for Irish occupational pension schemes can result in three different valuations for a scheme at any particular point in time. Using valuation models, this...
Persistent link: https://www.econbiz.de/10010954093