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We study the possibility of making social evaluations independently of individual preferences over non-consumed commodities. This is related to the well-known problem of performing international comparisons of standard of living across countries with different consumption goods. We prove...
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In this paper, we consider a natural procedure of decision-making, called a “Grouping Choice Method”, which leads to a kind of bounded rational choices. In this procedure a decision-maker (DM) first divides the set of available alternatives into some groups and in each group she chooses...
Persistent link: https://www.econbiz.de/10011015074
In this paper, we consider a natural procedure of decision-making, called a “Grouping Choice Method”, which leads to a kind of bounded rational choices. In this procedure a decision-maker (DM) first divides the set of available alternatives into some groups and in each group she chooses the...
Persistent link: https://www.econbiz.de/10011015102
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In two-sided matching problems, we consider “natural” changes in preferences of agents in which only the rankings of current partners are enhanced. We introduce two desirable properties of matching rules under such rank-enhancements of partners. One property requires that an agent who...
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