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6 produkter
6 produkter
E-bok
Engelska, 20092 044 kr
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The Handbook of Rational and Social Choice provides an overview of issues arising in work on the foundations of decision theory and social choice over the past three decades. Drawing on work by economic theorists mainly, but also with contributions from political science, philosophy and psychology, the collection shows how the related areas of decision theory and social choice have developed in their applications and moved well beyond the basic models of expectedutility and utilitarian approaches to welfare economics.Containing twenty-three contributions, in many cases by leading figures in their fields, the handbook shows how the normative foundations of economics have changed dramatically as more general and explicit models of utility and group choice have been developed. This is perhaps the first time these developments have been brought together in a manner that seeks to identify and make accessible the recent themes and developments that have been of particular interest to researchers in recent years.The collection will be of particular value to researchers in economics with interests in utility or welfare but it will also be of interest to any social scientist or philosopher interested in theories of rationality or group decision-making.
Inbunden, Engelska, 2009
3 278 kr
Skickas inom 5-8 vardagar
The Handbook of Rational and Social Choice provides an overview of issues arising in work on the foundations of decision theory and social choice over the past three decades. Drawing on work by economic theorists mainly, but also with contributions from political science, philosophy and psychology, the collection shows how the related areas of decision theory and social choice have developed in their applications and moved well beyond the basic models of expected utility and utilitarian approaches to welfare economics.Containing twenty-three contributions, in many cases by leading figures in their fields, the handbook shows how the normative foundations of economics have changed dramatically as more general and explicit models of utility and group choice have been developed. This is perhaps the first time these developments have been brought together in a manner that seeks to identify and make accessible the recent themes and developments that have been of particular interest to researchers in recent years. The collection will be of particular value to researchers in economics with interests in utility or welfare but it will also be of interest to any social scientist or philosopher interested in theories of rationality or group decision-making.
Inbunden, Engelska, 2026
757 kr
Skickas inom 5-8 vardagar
This book offers a comprehensive account of Condorcet domains—structured sets of preference orders in which the pairwise majority relation remains transitive for any odd-numbered group of voters. These domains form the foundation for normatively robust voting procedures and enable strong possibility results in incentive-compatible mechanism design.Well-known examples include single-peaked, single-crossing, and group-separable domains. The study of Condorcet domains bridges multiple disciplines, including economics, political science, mathematics, and computer science, and has seen significant theoretical advances in recent years.This monograph systematically presents these developments, covering both foundational concepts and cutting-edge results. It will be of interest to economists, mathematicians, and scholars in related fields seeking a deep understanding of preference aggregation and its structural underpinnings.“This interdisciplinary book by Clemens Puppe and Arkadii Slinko offers a canonical reference on the mathematical foundations of Condorcet domains. It shows how discrete convexity, median graphs, and permutation lattices play a central role in understanding coherent collective decision-making, and applies the insights to voting systems and incentive compatibility.”— Prof. Hervé Moulin, Adam Smith Business School, University of Glasgow, United Kingdom
E-bok
Engelska, 20261 367 kr
Läs direkt efter köp
This book offers a comprehensive account of Condorcet domains—structured sets of preference orders in which the pairwise majority relation remains transitive for any odd-numbered group of voters. These domains form the foundation for normatively robust voting procedures and enable strong possibility results in incentive-compatible mechanism design.Well-known examples include single-peaked, single-crossing, and group-separable domains. The study of Condorcet domains bridges multiple disciplines, including economics, political science, mathematics, and computer science, and has seen significant theoretical advances in recent years.This monograph systematically presents these developments, covering both foundational concepts and cutting-edge results. It will be of interest to economists, mathematicians, and scholars in related fields seeking a deep understanding of preference aggregation and its structural underpinnings.“This interdisciplinary book by Clemens Puppe and Arkadii Slinko offers a canonical reference on the mathematical foundations of Condorcet domains. It shows how discrete convexity, median graphs, and permutation lattices play a central role in understanding coherent collective decision-making, and applies the insights to voting systems and incentive compatibility.”— Prof. Hervé Moulin, Adam Smith Business School, University of Glasgow, United Kingdom
Häftad, Engelska, 1991
544 kr
Skickas inom 10-15 vardagar
This book provides a systematic, formal treatment of a recently proposed extension of the expected utility model of choice under risk: the so-called rank-dependent utility model. In this approach the representation of preferences is based upon a (generalized) utility function defined on the outcome/probability-plane. The main purpose of the book is to demonstrate the flexibility of this model with respect to its explanatory power. This is achieved by analyzing a certain subclass of the rank-dependent utility approach which incorporates the notion of price-dependent distortions of probabilities. This particular approach captures an optimistic point of view towards gambling (as can often be observed), whilst being compatible with a suitably formulated concept of risk aversion. The resulting model is used to explain some of the observed behavioral patterns as the Allais-paradox and the behavior described by the Friedman-Savage hypothesis.
E-bok
PDF, Engelska, 2012708 kr
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During the development of modern probability theory in the 17th cen tury it was commonly held that the attractiveness of a gamble offering the payoffs :1:17 ••• ,:l: with probabilities Pl, . . . , Pn is given by its expected n value L:~ :l:iPi. Accordingly, the decision problem of choosing among different such gambles - which will be called prospects or lotteries in the sequel-was thought to be solved by maximizing the corresponding expected values. The famous St. Petersburg paradox posed by Nicholas Bernoulli in 1728, however, conclusively demonstrated the fact that individuals l consider more than just the expected value. The resolution of the St. Petersburg paradox was proposed independently by Gabriel Cramer and Nicholas''s cousin Daniel Bernoulli [BERNOULLI 1738/1954]. Their argument was that in a gamble with payoffs :l:i the decisive factors are not the payoffs themselves but their subjective values u( :l:i)'' According to this argument gambles are evaluated on the basis of the expression L:~ U(Xi)pi. This hypothesis -with a somewhat different interpretation of the function u - has been given a solid axiomatic foundation in 1944 by v. Neumann and Morgenstern and is now known as the expected utility hypothesis. The resulting model has served for a long time as the preeminent theory of choice under risk, especially in its economic applications.