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A decision-maker exhibits preference for flexibility if he always prefers any set of alternatives to its subsets, even when two of them contain the same best element. Desire for flexibility can be explained as the consequence of the agent's uncertainty along a two-stage process, where he must...
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null part; the first two parts, which determine uniquely the null part (the null part connects them), are the two basic …
Persistent link: https://www.econbiz.de/10011059214