Consider an agent with fuzzy preferences, who has to make exact choices when faced with different feasible sets of alternatives. Confining our analysis to the case of feasible sets with not more than two alternatives, we axiomatically characterize two broad classes of decision rules ('ratio...

Consider an agent with fuzzy preferences. This agent, however, has to make exact choices when faced with different feasible sets of alternatives. What rule does he follow in making such choices? This paper provides an axiomatic characterization of a class of binary choice rules called the...

The paper analyzes a communication game between a decision-maker and a reputationally concerned expert drawn from a population of informed and uninformed experts. It departs from the literature [e.g. (Ottaviani and Sorensen(2006), Scharfstein and Stein (1990)] by considering the possibility that...

In a society where individuals differ in their evaluation of different social policies, when might one consider a given individual as having preferences that are extreme relative to the others? And how important are such preferences in determining eventual policy? In this paper, we describe an...