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A social welfare function for a denumerable society satisfies Pairwise Computability if for each pair (x,y) of alternatives, there exists an algorithm that can decide from any description of each profile on {x,y} whether the society prefers x to y. I prove that if a social welfare function...
Persistent link: https://www.econbiz.de/10005753427
This article analyzes the two wise girls puzzle, which is a simpler variant of the so-called three wise men puzzle, with some proof-theoretic tools. We formulate the puzzle in an epistemic logic. Our chief assumption is that the reasoning ability of each player of the puzzle is equivalent to...
Persistent link: https://www.econbiz.de/10005370818
Using the Savage set up, this paper provides a simple axiomatization of the Choquet Expected Utility model where the capacity is an inner measure. Two attractive features of the model are its specificity and the transparency of its axioms. The key axiom states that the decision-maker uses...
Persistent link: https://www.econbiz.de/10005371179
This paper is written as an introduction to epistemic logics and their game theoretic applications. It starts with both semantics and syntax of classical logic, and goes to the Hilbert-style proof-theory and Kripke-style model theory of epistemic logics. In these theories, we discuss individual...
Persistent link: https://www.econbiz.de/10005596642
Individual decision making is based on predictions about other players' choices as well as on valuations of reactions to predictions. In this sense, a player has a prediction-decision criterion for decision making. We develop a theory of prediction-decision criteria, which enables us to capture...
Persistent link: https://www.econbiz.de/10005155334
Debreu proposed the notion of `least concave utility' as a way to disentangle risk attitudes from the certainty preferences embedded in a von-Neumann Morgenstern index. This paper studies preferences under uncertainty, as opposed to risk, and examines a corresponding decomposition of preference....
Persistent link: https://www.econbiz.de/10005178754
Assuming an odd number of voters, E. S. Maskin recently provided a characterization of majority rule based on full transitivity. This paper characterizes majority rule with a set of axioms that includes two of Maskin's, dispenses with another, and contains weak versions of his other two axioms....
Persistent link: https://www.econbiz.de/10005370724
Serizawa [3] characterized the set of strategy-proof, individually rational, no exploitative, and non-bossy social choice functions in economies with pure public goods. He left an open question whether non-bossiness is necessary for his characterization. We will prove that non-bossiness is...
Persistent link: https://www.econbiz.de/10005370813
Voting procedures are known to be plagued with a variety of difficulties such as strategic voting, or where a voter is rewarded with a better election outcome by not voting, or where a winning candidate can lose by receiving more support. Once we know that these problems can occur, the next...
Persistent link: https://www.econbiz.de/10005370860
Persistent link: https://www.econbiz.de/10005370870