Showing 1 - 6 of 6
A decision maker (DM) may not perfectly maximize her preference over the feasible set. She may feel it is good enough to maximize her preference over a sufficiently large consideration set; or just require that her choice is sufficiently well-ranked (e.g., in the top quintile of options); or...
Persistent link: https://www.econbiz.de/10014102029
Persistent link: https://www.econbiz.de/10009561474
Persistent link: https://www.econbiz.de/10011396751
Persistent link: https://www.econbiz.de/10012207508
Persistent link: https://www.econbiz.de/10013277445
Implementation theory assumes that participants' choices are rational, in the sense of being derived from the maximization of a contextindependent preference. The paper investigates implementation under complete information when the mechanism designer is aware that individuals suffer from...
Persistent link: https://www.econbiz.de/10009611421