Showing 131 - 140 of 689
We study sets of preferences that are convex with respect to the betweeness relation induced by the Kemeny distance for preferences. It appears that these sets consist of all preferences containing a certain partial ordering and the other way around all preferences containing a given partial...
Persistent link: https://www.econbiz.de/10005219990
How can the propositional attitudes of several individuals be aggregated into overall collective propositional attitudes? Although there are large bodies of work on the aggregation of various special kinds of propositional attitudes, such as preferences, judgments, probabilities and utilities,...
Persistent link: https://www.econbiz.de/10005219991
We study the problem of minimizing the makespan on m parallel machines. We introduce a very large-scale neighborhood of exponential size (in the number of machines) that is based on a matching in a complete graph. The idea is to partition the jobs assigned to the same machine into two sets. This...
Persistent link: https://www.econbiz.de/10005219992
We consider a profit maximization problem when pricing a set of m items which can be represented as the edges of an undirected multi graph G. There is a set of n customers, each of which is interested in purchasing a bundle of edges of G, and we assume that these edges form a simple path in G....
Persistent link: https://www.econbiz.de/10005219993
The Rubinstein alternating offers bargaining game is reconsidered under the assumption that each player is loss averse and the associated reference point is equal to the highest turned down offer of the opponent in the past. This makes the payoffs and therefore potential equilibrium strategies...
Persistent link: https://www.econbiz.de/10005219994
As banking markets in developing countries are maturing, banks face competition not only from other domestic banks but also from sophisticated foreign banks. Combined with a dramatic growth of consumer credit and increased regulatory attention to risk management, the development of a...
Persistent link: https://www.econbiz.de/10005219995
We study experimentally how players learn to make decisions if they face many different (normal-form) games. Games are generated randomly from a uniform distribution in each of 100 rounds. We find that agents do extrapolate between games but learn to play strategically equivalent games in the...
Persistent link: https://www.econbiz.de/10005219996
This paper analyzes a learning model where sophisticated market designers create new trading platforms and boundedly rational traders select among them. We ask wether "Walrasian'''' platforms, leading to efficient (market - clearing) trading outcomes, will dominate the market in the long run. If...
Persistent link: https://www.econbiz.de/10005219997
We consider the classical problem of opinion pooling: the probability assignments of different individuals are to be merged into collective probability assignments. While opinion pooling has been explored in some depth in the literature (by statisticians, economists, and philosophers), all...
Persistent link: https://www.econbiz.de/10005219998
In multi-unit (procurement) auctions winning multiple contracts can lead to cost advantages due to synergies. As an example one can think of procurement auctions where construction firms have returns to scale for investments in specialized equipments and workers that are required in large-scale...
Persistent link: https://www.econbiz.de/10005219999