In this paper we provide an axiomatic characterization of the maxmin choice correspondence for a decision maker who has state-dependent preferences (represented by a linear order) over the set of alternatives

Decision making of agents who are members of a society is analyzed from the point of view of quantum decision theory. This generalizes the approach, developed earlier by the authors for separate individuals, to decision making under the influence of social interactions. The generalized approach...

This paper introduces excluding outlier voters (EOV) as a general mechanism for revealing true preferences in social choices, and for discouraging voters from strategic voting and manipula-tion. This mechanism is general in that it can be implemented with any voting system. The paper...

Ranking finite subsets of a given set X of elements is the formal object of analysis in this paper. This problem has found a wide range of economic interpretations in the literature. The focus of the paper is on the family of rankings that are additively representable. Existing characterizations...

In this paper we consider a population of would-be migrants in a developing country. To begin with, this population is divided into two sets: those who save by themselves to pay for the cost of their migration, and those who pool their savings with the savings of another would-be migrant to pay...

A theory of decision making is proposed that supplies an axiomatic basis for the concept of satisficing postulated by Herbert Simon. After a detailed review of classical results that characterize several varieties of preference-maximizing choice behavior, the axiomatization proceeds by weakening...

Nobody could have known it at the time, but when Rex Stout's novella Justice Ends at Home was published in 1915, it foreshadowed not only the rise of two enduringly popular fictional heroes (Nero Wolfe and Archie Goodwin), but also the fall of one enduringly objectionable actual villain (Judge...