The paper uses an experimental approach to study the voting power distribution in the context of classical model, as well as in generalized form which takes into account players’ preferences to coalesce with each other. Our results extend those of Montero, Sefton & Zhang (2008), confirming...

A classically rational subject is a maximiser: he chooses the best alternative(s) according to some utility function, a paradigm going back to the eighteenth century. One of the ways to overcome its well-known deficiences is to extend it to take into account insenitivity threshold as well as the...

The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. However, numerous examples have revealed the deficiencies of the concept. This book helps to overcome those deficiencies by taking into account insensitivity of measurement...