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the notion of sequential rationalizability. F-consistency is a testable property that highlights the behavioral aspects … identifies the selected alternative in every choice problem. We propose a property, F-consistency, and show that it characterizes … how other behavioral concepts are related to sequential rationalizability, and establish a priori unexpected implications …
Persistent link: https://www.econbiz.de/10005707995
Consistency, a natural weakening of transitivity introduced in a seminal contribution by Suzumura (1976b), has turned … is shown that the conclusion of the welfarism theorem remains true if transitivity is replaced by consistency and that an … impossibility result in variable-population social-choice theory turns into a possibility if transitivity is weakened to consistency. …
Persistent link: https://www.econbiz.de/10005353184
Consistency, a natural weakening of transitivity introduced in a seminal contribution by Suzumura (1976b), has turned … is shown that the conclusion of the welfarism theorem remains true if transitivity is replaced by consistency and that an … impossibility result in variable-population social-choice theory turns into a possibility if transitivity is weakened to consistency. …
Persistent link: https://www.econbiz.de/10008617081
: the consistency of choices in stated and revealed preference tasks. We show that both kinds of task can produce consistent …
Persistent link: https://www.econbiz.de/10008611303
Permutation techniques, where one recompute the test statistic over permutations of data, have a long history in statistics and have become increasingly useful as the availability of computational power has increased. Until now, no permutation tests for examining returns to scale assumptions,...
Persistent link: https://www.econbiz.de/10013346916
We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …
Persistent link: https://www.econbiz.de/10014327659
estimate of the codf, based on data with errors, which ensure strong pointwise consistency. We show that two of the three …
Persistent link: https://www.econbiz.de/10014497465
Persistent link: https://www.econbiz.de/10014497477
We introduce and discuss a multivariate version of the classical median that is based on an equipartition property with respect to quarter spaces. These arise as pairwise intersections of the half-spaces associated with the coordinate hyperplanes of an orthogonal basis. We obtain results on...
Persistent link: https://www.econbiz.de/10014497608
Ergonomen wie Designer planen Mensch-Maschine-Systeme mit dem Ziel, den technischen Teil des Systems den menschlichen Eigengesetzlichkeiten anzupassen – Kompatibilität der Maschine mit dem Menschen herzustellen. Trotz des gemeinsamen Ziels gehen beide Disziplinen unterschiedlich mit dieser...
Persistent link: https://www.econbiz.de/10014501433