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Rational choice theory analyzes how an agent can rationally act, given his or her preferences, but says little about where those preferences come from. Instead, pref- erences are usually assumed to be �xed and exogenously given. Building on related work on reasons and rational choice (Dietrich...
Persistent link: https://www.econbiz.de/10009422001
Bayesian epistemology tells us with great precision how we should move from prior to posterior beliefs in light of new evidence or information, but says little about where our prior beliefs come from. It o¤ers few resources to describe some prior beliefs as rational or well-justi�ed, and...
Persistent link: https://www.econbiz.de/10009422029
According to standard rational choice theory, as commonly used in political science and economics, an agent's fundamental preferences are exogenously fixed, and any preference change over decision options is due to Bayesian information learning. Although elegant and parsimonious, such a model...
Persistent link: https://www.econbiz.de/10009367615
Two essential intuitions about the concept of multidimensional inequality have been highlighted in the emerging body of literature on this subject: first, multidimensional inequality should be a function of the uniform inequality of a multivariate distribution of goods or attributes across...
Persistent link: https://www.econbiz.de/10010604845
The concept of preference structuration not only provides possible escape-routes for social-choice-theoretic impossibility problems, but also points towards ways of formalizing notions of pluralism, consensus and issue-dimensionality. The present note introduces two methods of (operationally)...
Persistent link: https://www.econbiz.de/10010604932
In the classical Condorcet jury model, different jurors votes are independent random variables, where each juror has the same probability p1/2 of voting for the correct alternative. The probability that the correct alternative will win under majority voting converges to 1 as the number of jurors...
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