Showing 1 - 10 of 639,639
theorem and Fishburn's possibility theorem. The proof methodology is based on a model-theoretic approach to aggregation theory … aggregation theory ; variational preferences ; multiple priors preferences ; convex risk measure ; model theory ; first … there exist nondictatorial aggregation functions of convex risk measures satisfying Arrow-type rationality axioms (weak …
Persistent link: https://www.econbiz.de/10008735707
. -- Arrow-type preference aggregation ; judgment aggregation ; model theory ; first-order predicate logic ; filter ; ultrafilter …It is well known that the literature on judgment aggregation inherits the impossibility results from the aggregation of … preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on …
Persistent link: https://www.econbiz.de/10008736325
This article investigates the representative-agent hypothesis for an infinite population which has to make a social choice from a given finite-dimensional space of alternatives. It is assumed that some class of admissible strictly concave utility functions is exogenously given and that each...
Persistent link: https://www.econbiz.de/10003818194
Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently … problem of Arrovian aggregation of MBA preferences - and prove dictatorial impossibility results for both finite and infinite …
Persistent link: https://www.econbiz.de/10010338890
-utility preferences are given. A novel proof methodology for special aggregation problems, based on model theory (in the sense of …Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently …) preference orderings. This paper investigates the problem of Arrovian aggregation of such preferences - and proves dictatorial …
Persistent link: https://www.econbiz.de/10010187944
Politicians, CEOs and various other types of dictators make social choices that influence both their own and others' welfare. When a dictator's preferred alternative differs from recipients', it is unclear which preferences they aggregate and how they determine this set of admissible...
Persistent link: https://www.econbiz.de/10014353493
relation. For two alternatives and an odd number of agents, it follows from May’s Theorem that the majority aggregation rule is …
Persistent link: https://www.econbiz.de/10014357423
Judgment aggregation theory generalizes social choice theory by having the aggregation rule bear on judgments of all … judgment by a logical syntax. The theory derives from Kornhauser and Sager’s doctrinal paradox and Pettit’s discursive dilemma … as a particular application of the theory …
Persistent link: https://www.econbiz.de/10014159484
Eliaz (2004) has established a "meta-theorem" for preference aggregation which implies both Arrow's Theorem (1963) and … preference aggregation is the mutual exclusiveness of Pareto optimality, individual responsiveness (preference reversal) and non …-dictatorship. Recent work on judgment aggregation has obtained important generalizations of both Arrow's Theorem (List and Pettit 2003 …
Persistent link: https://www.econbiz.de/10003818219
preference and judgment aggregation theory which show that the aggregate of several probability measures should not be conceived … desiderata even for infinite electorates. On the basis of the theory of propositional-attitude aggregation, we argue that this is … the most natural aggregation theory for probability measures. Our aggregation functionals for the case of infinite …
Persistent link: https://www.econbiz.de/10010234048