IDEAS home Printed from https://ideas.repec.org/a/eee/jeborg/v29y1996i2p287-309.html
   My bibliography  Save this article

On the impossibility of rational choice under incomplete information

Author

Listed:
  • Gans, Joshua S.

Abstract

No abstract is available for this item.

Suggested Citation

  • Gans, Joshua S., 1996. "On the impossibility of rational choice under incomplete information," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 287-309, March.
    • Handle: RePEc:eee:jeborg:v:29:y:1996:i:2:p:287-309
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0167-2681(95)00064-X
    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. Kevin W. S. Roberts, 1980. "Interpersonal Comparability and Social Choice Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(2), pages 421-439.
    2. Margaret A. Meyer, 1991. "Learning from Coarse Information: Biased Contests and Career Profiles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 15-41.
    3. Gerald H. Kramer, 1967. "An Impossibility Result Concerning the Theory of Decision-Making," Cowles Foundation Discussion Papers 218, Cowles Foundation for Research in Economics, Yale University.
    4. Itzhak Gilboa & David Schmeidler, 1995. "Case-Based Decision Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 605-639.
    5. Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-470, June.
    6. Milgrom, Paul & Shannon, Chris, 1994. "Monotone Comparative Statics," Econometrica, Econometric Society, vol. 62(1), pages 157-180, January.
    7. Rubinstein, Ariel & Fishburn, Peter C., 1986. "Algebraic aggregation theory," Journal of Economic Theory, Elsevier, vol. 38(1), pages 63-77, February.
    8. Thaler, Richard H & Shefrin, H M, 1981. "An Economic Theory of Self-Control," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
    9. Raaj Kumar Sah, 1991. "Fallibility in Human Organizations and Political Systems," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 67-88, Spring.
    10. Kenneth J. Arrow & Herve Raynaud, 1986. "Social Choice and Multicriterion Decision-Making," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511754, April.
    11. Kramer, Gerald H, 1973. "On a Class of Equilibrium Conditions for Majority Rule," Econometrica, Econometric Society, vol. 41(2), pages 285-297, March.
    12. Kavka, Gregory S., 1991. "Is Individual Choice Less Problematic than Collective Choice?," Economics and Philosophy, Cambridge University Press, vol. 7(2), pages 143-165, October.
    13. Joseph A. Schumpeter, 1949. "English Economists and the State-Managed Economy," Journal of Political Economy, University of Chicago Press, vol. 57(5), pages 371-371.
    14. Gerard Debreu, 1959. "Topological Methods in Cardinal Utility Theory," Cowles Foundation Discussion Papers 76, Cowles Foundation for Research in Economics, Yale University.
    15. Suzanne Scotchmer, 1991. "Standing on the Shoulders of Giants: Cumulative Research and the Patent Law," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 29-41, Winter.
    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. Roumasset, James, 2024. "Lexicographic Ordering and Loss Aversion among Low-Income Farmers," Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 483-492.
    2. James A. Roumasset, 2024. "The Microeconomics of Agricultural Development: Risk, Institutions, and Agricultural Policy," Working Papers 202403, University of Hawaii at Manoa, Department of Economics.

    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. O’Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," The Warwick Economics Research Paper Series (TWERPS) 973, University of Warwick, Department of Economics.
    2. O'Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," Economic Research Papers 270751, University of Warwick - Department of Economics.
    3. Jehiel, Philippe, 2005. "Analogy-based expectation equilibrium," Journal of Economic Theory, Elsevier, vol. 123(2), pages 81-104, August.
    4. Crès, Hervé & Gilboa, Itzhak & Vieille, Nicolas, 2024. "Bureaucracy in quest of feasibility," Journal of Mathematical Economics, Elsevier, vol. 114(C).
    5. George W. J. Hendrikse, 1998. "Screening, Competition and the Choice of the Cooperative as an Organisational Form," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(2), pages 202-217, June.
    6. Ioannides, Yannis M., 2012. "Complexity and organizational architecture," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 193-202.
    7. Brocas, Isabelle & Carrillo, Juan D., 2012. "From perception to action: An economic model of brain processes," Games and Economic Behavior, Elsevier, vol. 75(1), pages 81-103.
    8. Hellmann, Thomas, 2007. "The role of patents for bridging the science to market gap," Journal of Economic Behavior & Organization, Elsevier, vol. 63(4), pages 624-647, August.
    9. Tran, Hai & Turkiela, Jason, 2020. "The powers that be: Concentration of authority within the board of directors and variability in firm performance☆," Journal of Corporate Finance, Elsevier, vol. 60(C).
    10. Ruth Ben-Yashar & Winston Koh & Shmuel Nitzan, 2012. "Is specialization desirable in committee decision making?," Theory and Decision, Springer, vol. 72(3), pages 341-357, March.
    11. Ruth Ben‐Yashar & Miriam Krausz & Shmuel Nitzan, 2018. "Government loan guarantees and the credit decision‐making structure," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(2), pages 607-625, May.
    12. Grechuk, Bogdan & Zabarankin, Michael, 2018. "Direct data-based decision making under uncertainty," European Journal of Operational Research, Elsevier, vol. 267(1), pages 200-211.
    13. Cres, Herve & Gilboa, Itzhak & Vieille, Nicolas, 2012. "Bureaucracy in Quest for Feasibility," Foerder Institute for Economic Research Working Papers 275779, Tel-Aviv University > Foerder Institute for Economic Research.
    14. Iain P. Embrey, 2020. "States of nature and states of mind: a generalized theory of decision-making," Theory and Decision, Springer, vol. 88(1), pages 5-35, February.
    15. Basu, Kaushik & Mitra, Tapan, 2007. "Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization," Journal of Economic Theory, Elsevier, vol. 133(1), pages 350-373, March.
    16. Karotkin, D. & Nitzan, S., 1993. "Some Peculiarities of group Decision Making in Teams," Papers 9303, Tilburg - Center for Economic Research.
    17. Myong-Hun Chang & Joseph E. Harrington, 1998. "Organizational Structure and Firm Innovation in a Retail Chain," Computational and Mathematical Organization Theory, Springer, vol. 3(4), pages 267-288, December.
    18. Sinclair-Desgagné, Bernard, 2021. "Green human resource management – A personnel economics perspective," Resource and Energy Economics, Elsevier, vol. 66(C).
    19. d'Aspremont, Claude & Gevers, Louis, 2002. "Social welfare functionals and interpersonal comparability," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 10, pages 459-541, Elsevier.
    20. Eyal Baharad & Ruth Ben-Yashar, 2009. "The robustness of the optimal weighted majority rule to probability distortion," Public Choice, Springer, vol. 139(1), pages 53-59, April.

    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:jeborg:v:29:y:1996:i:2:p:287-309. 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/jebo .

    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.