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choice set that is a collection of well-defined choice situations. I give a partial axiomatic foundation of the theory. The … theory is applied to explain the well-known paradoxes in expected utility theory. …
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In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
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