Showing 1 - 10 of 23
Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10011684935
This paper extends Milgrom and Robert's treatment of supermodular games in two ways. It points out that their main characterization result holds under a weaker assumption. It refines the arguments to provide bounds on the set of strategies that survive iterated deletion of weakly dominated...
Persistent link: https://www.econbiz.de/10012020293
This paper extends Milgrom and Robert's treatment of supermodular games in two ways. It points out that their main characterization result holds under a weaker assumption. It refines the arguments to provide bounds on the set of strategies that survive iterated deletion of weakly dominated...
Persistent link: https://www.econbiz.de/10012215311
Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10011599508
Persistent link: https://www.econbiz.de/10010819821
Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10010738411
This paper assumes that in addition to the conventional (selfish) preferences over outcomes, players in a strategic environment have preferences over strategies. In the context of two-player games, it provides conditions under which a player's preferences over strategies can be represented as a...
Persistent link: https://www.econbiz.de/10010843062
Persistent link: https://www.econbiz.de/10010843336
This paper provides characterization theorems for preferences. The main assumption is partial separability, where changing a common component of two vectors does not reverse strict preferences, but may turn strict preferences into indifference. We discuss applications of our results to social...
Persistent link: https://www.econbiz.de/10005074104
This paper provides characterization theorems for preferences that can be represented by the minimum, the maximum, and the sum of components, or combinations of these forms. It contains a discussion of applications to social choice.
Persistent link: https://www.econbiz.de/10010536337