IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v96y2007i1p45-50.html
   My bibliography  Save this article

The impossibility of a Paretian rational: A Bayesian perspective

Author

Listed:
  • Nehring, Klaus

Abstract

No abstract is available for this item.

Suggested Citation

  • Nehring, Klaus, 2007. "The impossibility of a Paretian rational: A Bayesian perspective," Economics Letters, Elsevier, vol. 96(1), pages 45-50, July.
  • Handle: RePEc:eee:ecolet:v:96:y:2007:i:1:p:45-50
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165-1765(06)00430-7
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. List, Christian & Pettit, Philip, 2002. "Aggregating Sets of Judgments: An Impossibility Result," Economics and Philosophy, Cambridge University Press, vol. 18(1), pages 89-110, April.
    2. Mongin, Philippe, 1998. "The paradox of the Bayesian experts and state-dependent utility theory," Journal of Mathematical Economics, Elsevier, vol. 29(3), pages 331-361, April.
    3. Itzhak Gilboa & Dov Samet & David Schmeidler, 2004. "Utilitarian Aggregation of Beliefs and Tastes," Journal of Political Economy, University of Chicago Press, vol. 112(4), pages 932-938, August.
    4. Klaus Nehring, 2005. "The (Im)Possibility of a Paretian Rational," Economics Working Papers 0068, Institute for Advanced Study, School of Social Science.
    5. Chambers, Christopher P. & Hayashi, Takashi, 2006. "Preference aggregation under uncertainty: Savage vs. Pareto," Games and Economic Behavior, Elsevier, vol. 54(2), pages 430-440, February.
    6. Mongin Philippe, 1995. "Consistent Bayesian Aggregation," Journal of Economic Theory, Elsevier, vol. 66(2), pages 313-351, August.
    7. Peters, Hans & van der Stel, Hans & Storcken, Ton, 1992. "Pareto Optimality, Anonymity, and Strategy-Proofness in Location Problems," International Journal of Game Theory, Springer;Game Theory Society, vol. 21(3), pages 221-235.
    8. Hylland, Aanund & Zeckhauser, Richard J, 1979. "The Impossibility of Bayesian Group Decision Making with Separate Aggregation of Beliefs and Values," Econometrica, Econometric Society, vol. 47(6), pages 1321-1336, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. List, Christian & Polak, Ben, 2010. "Introduction to judgment aggregation," Journal of Economic Theory, Elsevier, vol. 145(2), pages 441-466, March.
    2. Nehring, Klaus & Puppe, Clemens, 2010. "Justifiable group choice," Journal of Economic Theory, Elsevier, vol. 145(2), pages 583-602, March.
    3. Louis Anthony (Tony) Cox, Jr., 2012. "Community Resilience and Decision Theory Challenges for Catastrophic Events," Risk Analysis, John Wiley & Sons, vol. 32(11), pages 1919-1934, November.
    4. Louis Anthony (Tony) Cox, 2015. "Overcoming Learning Aversion in Evaluating and Managing Uncertain Risks," Risk Analysis, John Wiley & Sons, vol. 35(10), pages 1892-1910, October.
    5. Baharad, Eyal & Neeman, Zvika & Rubinchik, Anna, 2020. "The rarity of consistent aggregators," Mathematical Social Sciences, Elsevier, vol. 108(C), pages 146-149.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marcus Pivato, 2013. "Voting rules as statistical estimators," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 581-630, February.
    2. repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09iepso50rh is not listed on IDEAS
    3. Zuber, Stéphane, 2016. "Harsanyi’s theorem without the sure-thing principle: On the consistent aggregation of Monotonic Bernoullian and Archimedean preferences," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 78-83.
    4. repec:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09iepso50rh is not listed on IDEAS
    5. Gajdos, T. & Tallon, J.-M. & Vergnaud, J.-C., 2008. "Representation and aggregation of preferences under uncertainty," Journal of Economic Theory, Elsevier, vol. 141(1), pages 68-99, July.
    6. Federica Ceron & Vassili Vergopoulos, 2017. "Aggregation of Bayesian preferences: Unanimity vs Monotonicity," Documents de travail du Centre d'Economie de la Sorbonne 17028, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    7. repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09iepso50rh is not listed on IDEAS
    8. Crès, Hervé & Gilboa, Itzhak & Vieille, Nicolas, 2011. "Aggregation of multiple prior opinions," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2563-2582.
    9. Ralph Keeney & Robert Nau, 2011. "A theorem for Bayesian group decisions," Journal of Risk and Uncertainty, Springer, vol. 43(1), pages 1-17, August.
    10. Sprumont, Yves, 2018. "Belief-weighted Nash aggregation of Savage preferences," Journal of Economic Theory, Elsevier, vol. 178(C), pages 222-245.
    11. repec:hal:wpspec:info:hdl:2441/eu4vqp9ompqllr09iepso50rh is not listed on IDEAS
    12. Federica Ceron & Vassili Vergopoulos, 2017. "Aggregation of Bayesian preferences: Unanimity vs Monotonicity," Post-Print halshs-01539444, HAL.
    13. Frederik S. Herzberg, 2013. "The (im)possibility of collective risk measurement: Arrovian aggregation of variational preferences," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(1), pages 69-92, May.
    14. Federica Ceron & Vassili Vergopoulos, 2017. "Aggregation of Bayesian preferences: Unanimity vs Monotonicity," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01539444, HAL.
    15. Federica Ceron & Vassili Vergopoulos, 2019. "Aggregation of Bayesian preferences: unanimity vs monotonicity," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(3), pages 419-451, March.
    16. Fleurbaey, Marc & Zuber, Stéphane, 2017. "Fair management of social risk," Journal of Economic Theory, Elsevier, vol. 169(C), pages 666-706.
    17. Chambers, Christopher P. & Hayashi, Takashi, 2006. "Preference aggregation under uncertainty: Savage vs. Pareto," Games and Economic Behavior, Elsevier, vol. 54(2), pages 430-440, February.
    18. Mongin, Philippe & Pivato, Marcus, 2015. "Ranking multidimensional alternatives and uncertain prospects," Journal of Economic Theory, Elsevier, vol. 157(C), pages 146-171.
    19. Florian Brandl, 2020. "Belief-Averaged Relative Utilitarianism," Papers 2005.03693, arXiv.org, revised Aug 2021.
    20. Eric Danan & Thibault Gajdos & Jean-Marc Tallon, 2015. "Harsanyi's Aggregation Theorem with Incomplete Preferences," American Economic Journal: Microeconomics, American Economic Association, vol. 7(1), pages 61-69, February.
    21. Itzhak Gilboa, 2010. "Questions in Decision Theory," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 1-19, September.
    22. Philippe Mongin & Marcus Pivato, 2020. "Social preference under twofold uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 633-663, October.
    23. Itai Sher, 2020. "How perspective-based aggregation undermines the Pareto principle," Politics, Philosophy & Economics, , vol. 19(2), pages 182-205, May.
    24. Yves Sprumont, 2019. "Relative utilitarianism under uncertainty," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(4), pages 621-639, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:96:y:2007:i:1:p:45-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.