Showing 1 - 10 of 209
Persistent link: https://www.econbiz.de/10012090489
Pareto efficiency is not as compelling when people hold different beliefs as it is under common beliefs or certainty. In the present paper we propose to restrict the standard Pareto relation by imposing the following constraint: in order for one allocation to dominate another, all agents must...
Persistent link: https://www.econbiz.de/10011074797
We present a model of inductive inference that includes, as special cases, Bayesian reasoning, case-based reasoning, and rule-based reasoning. This unified framework allows us to examine how the various modes of inductive inference can be combined and how their relative weights change...
Persistent link: https://www.econbiz.de/10010678870
Persistent link: https://www.econbiz.de/10012133529
Persistent link: https://www.econbiz.de/10013193318
Persistent link: https://www.econbiz.de/10005388208
Persistent link: https://www.econbiz.de/10005413507
Persistent link: https://www.econbiz.de/10005413879
The art of rhetoric may be defined as changing other people's minds (opinions, beliefs) without providing them new information. One technique heavily used by rhetoric employs analogies. Using analogies, one may draw the listener's attention to similarities between cases and to re-organize...
Persistent link: https://www.econbiz.de/10010744395
This paper suggests that decision-making under uncertainty is, at least partly, case-based. The authors propose a model in which cases are primitive and provide a simple axiomatization of a decision rule that chooses a 'best' act based on its past performance in similar cases. Each act is...
Persistent link: https://www.econbiz.de/10005814770