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Evaluating intergenerational risks : probabillity adjusted rank-discounted utilitarianism

Asheim, Geir B.; Zuber, Stéphane - 2015 - This version February 20, 2015

situations with positive probability of human extinction, and is linked to decision theory by yielding rank-dependent expected …

Persistent link: https://www.econbiz.de/10010530542

The impartial observer under uncertainty

Berens, Stefan; Chochua, Lasha - 2017

This paper extends Harsanyi's Impartial Observer Theorem by introducing Knightian Uncertainty in the form of individual belief systems. It features an axiomatic framework of societal decision-making in the presence of individual uncertainty. The model allows the analysis of scenarios where...

Persistent link: https://www.econbiz.de/10011701427

Fairness, risk preferences and independence : impossibility theorems

Fudenberg, Drew; Levine, David K. - In: Journal of economic behavior & organization : JEBO 81 (2012) 2, pp. 606-612

Persistent link: https://www.econbiz.de/10009626406

The (Im)Possibility of Collective Risk Measurement : Arrovian Aggregation of Variational Preferences

Herzberg, Frederik - 2014

-theoretic approach to aggregation theory inspired by Lauwers and Van Liedekerke (J Math Econ 24(3):217-237, 1995). Diverse applications …. It addresses the question whether there exist non-dictatorial aggregation functions of convex risk measures satisfying … Arrow's impossibility theorem. For infinite electorates, the possibility of rational aggregation depends on an …

Persistent link: https://www.econbiz.de/10013059110

The Problem of the Divided Majority : Preference Aggregation Under Uncertainty

Granic, Georg D. - 2015

This paper reports on the results of a series of experimental laboratory elections. The novelty of the design allows me to study both coordination failures and coordination efficiency in a repeated-game, divided majority setting. I assess and compare the performance of three voting mechanisms,...

Persistent link: https://www.econbiz.de/10013032662

Buying Voters with Uncertain Instrumental Preferences

Louis-Sidois, Charles - 2020

We study a vote buying setup where a committee votes on a proposal important to the vote buyer. We characterize the cheapest combination of bribes that guarantees the proposal's passing in different voting environments. We find that for both simultaneous and sequential votes, the vote buyer...

Persistent link: https://www.econbiz.de/10012833674