Choice Problems with a "Reference" Point.

In many decision scenarios, one has to choose an element from a set S given some reference point e. For the case where S is a subset of the Euclidean space , we axiomatize the choice method that selects the point in S that is closet to e.

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Year of publication:	1997
Authors:	Rubinstein, A. ; Zhou, L.
Institutions:	Foerder Institute for Economic Research, Eitan Berglas School of Economics
Subject:	DECISION MAKING

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Series:	Tel Aviv.
Type of publication:	Book / Working Paper
Notes:	6 pages
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783645