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Collective decisions are modeled by preference correspondences (rules). In particular, we focus on a new condition: “update monotonicity” for preference rules. Although many so-called impossibility theorems for the choice rules are based on–or related to–monotonicity conditions, this...
Persistent link: https://www.econbiz.de/10011065173
We propose an aggregation model which explains stereotype formation under the attribution hypothesis. We show, under very mild axioms, that an observer can be thought of perceiving a group in terms of her subjective opinion about the representativeness of subgroups, as well as a possible...
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