Showing 1 - 10 of 393
Many recent works have investigated the question of extending a preference over a set of alternatives to its power set, as a way to provide a formal representation of the notion of freedom of choice. In general, the results are limited to the nite case, which excludes the case of economic...
Persistent link: https://www.econbiz.de/10005688661
This work analyzes the problem of individual choice of actions under complete uncertainty. In this context, each action consists of a set of dierent possible outcomes with no probability distribution associated with them. The work examines and de nes a class of choice procedures in which: a):...
Persistent link: https://www.econbiz.de/10005688666
This paper explores the introduction of a variable critical-level in a variable population context. We focus the attention on the "Critical- Level Egalitarian Ruleî, a social evaluation procedure which compares two social states as follows: (i) It reproduces the leximin criterion when applied...
Persistent link: https://www.econbiz.de/10005688669
Ranking finite subsets of a given set X of elements is the formal object of analysis in this paper. This problem has found a wide range of economic interpretations in the literature. The focus of the paper is on the family of rankings that are additively representable. Existing characterizations...
Persistent link: https://www.econbiz.de/10005656083
In this paper we argue, inspired by some psychological literature, that choices are the outcome of the interplay of different, potentially conflicting motivations. We propose an axiomatic approach with two motivations, which we assume to be single-peaked over a certain given dimension. We first...
Persistent link: https://www.econbiz.de/10011147872
Recent work by Bossert, Pattanaik and Xu provides axiomatic characterizations ofs ome decision rules for individual decision making under complete uncertainty. This note shows that, in the case oft wo of these rules, they do not satisfy one of the axioms used for their characterization. A...
Persistent link: https://www.econbiz.de/10005788511
This paper proposes a new framework of choice under uncertainty, where the only information available to the decision maker is about the the ordinal likelihood of the di erent outcomes each action generates. This contrasts both with the classical models where the potential out- comes of each...
Persistent link: https://www.econbiz.de/10005788515
This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking...
Persistent link: https://www.econbiz.de/10010272551
This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking...
Persistent link: https://www.econbiz.de/10009452482
This paper is devoted to the study of how to extend a dichotomous partition of a universal set X into good and bad objects to an ordering on the power set of X. We introduce a family of rules that naturally take into account the number of good objects and the number of bad objects, and provide...
Persistent link: https://www.econbiz.de/10010427514