On the impossibility of rational choice under incomplete information
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- 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.
- Kramer, Gerald H, 1973. "On a Class of Equilibrium Conditions for Majority Rule," Econometrica, Econometric Society, vol. 41(2), pages 285-297, March.
- 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.
- Itzhak Gilboa & David Schmeidler, 1992. "Case-Based Decision Theory," Discussion Papers 994, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Itzhak Gilboa & David Schmeidler, 1995. "Case-Based Decision Theory," Post-Print hal-00753144, HAL.
- 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.
- 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.
- H. M. Shefrin & Richard Thaler, 1977. "An Economic Theory of Self-Control," NBER Working Papers 0208, National Bureau of Economic Research, Inc.
- 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.
- 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.
- Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-470, June.
- Milgrom, Paul & Shannon, Chris, 1994.
"Monotone Comparative Statics,"
Econometrica, Econometric Society, vol. 62(1), pages 157-180, January.
- Milgrom, P. & Shannon, C., 1991. "Monotone Comparative Statics," Papers 11, Stanford - Institute for Thoretical Economics.
- 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.
- Sah, R.K., 1991. "Fallibility In Human Organizations And Political Systems," Papers 625, Yale - Economic Growth Center.
- Rubinstein, Ariel & Fishburn, Peter C., 1986. "Algebraic aggregation theory," Journal of Economic Theory, Elsevier, vol. 38(1), pages 63-77, February.
- 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.
- Gerard Debreu, 1959. "Topological Methods in Cardinal Utility Theory," Cowles Foundation Discussion Papers 76, Cowles Foundation for Research in Economics, Yale University.
- Kenneth J. Arrow & Herve Raynaud, 1986. "Social Choice and Multicriterion Decision-Making," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511754, December.
- 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.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Roumasset, James A., 2024.
"The Microeconomics of Agricultural Development: Risk, Institutions, and Agricultural Policy,"
Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 21(AJAD 20th), October.
- 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.
- Roumasset, James, 2024.
"Lexicographic Ordering and Loss Aversion among Low-Income Farmers,"
Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 483-492.
- James Roumasset, 2023. "Lexicographic Ordering and Loss Aversion among Low-Income Farmers," Working Papers 202306, 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.- 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.
- O'Callaghan, Patrick, 2011. "Context and Decision: Utility on a Union of Mixture Spaces," Economic Research Papers 270751, University of Warwick - Department of Economics.
- Ruth Ben-Yashar & Shmuel Nitzan, 2017.
"Is diversity in capabilities desirable when adding decision makers?,"
Theory and Decision, Springer, vol. 82(3), pages 395-402, March.
- BEN-YASHAR, Ruth & NITZAN, Shmuel, 2016. "Is Diversity in Capabilities Desirable When Adding Decision Makers?," Discussion paper series HIAS-E-21, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
- Jehiel, Philippe, 2005.
"Analogy-based expectation equilibrium,"
Journal of Economic Theory, Elsevier, vol. 123(2), pages 81-104, August.
- Philippe Jeniel, 2001. "Analogy-Based Expectation Equilibrium," Economics Working Papers 0003, Institute for Advanced Study, School of Social Science.
- Philippe Jehiel, 2005. "Analogy-Based Expectation Equilibrium," Levine's Bibliography 784828000000000106, UCLA Department of Economics.
- Philippe Jehiel, 2005. "Analogy-based Expectation Equilibrium," Post-Print halshs-00754070, HAL.
- Crès, Hervé & Gilboa, Itzhak & Vieille, Nicolas, 2024.
"Bureaucracy in quest of feasibility,"
Journal of Mathematical Economics, Elsevier, vol. 114(C).
- Hervé Crès & Itzhak Gilboa, & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," Working Papers hal-00973094, HAL.
- 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.
- Hervé Crès & Itzhak Gilboa, & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," SciencePo Working papers Main hal-00973094, HAL.
- Karotkin, D. & Nitzan, S., 1993.
"Some Peculiarities of Group Decision Making in Teams,"
Discussion Paper
1993-3, Tilburg University, Center for Economic Research.
- Karotkin, D. & Nitzan, S., 1993. "Some Peculiarities of group Decision Making in Teams," Papers 9303, Tilburg - Center for Economic Research.
- 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.
- Segal, Uzi & Sobel, Joel, 2002.
"Min, Max, and Sum,"
Journal of Economic Theory, Elsevier, vol. 106(1), pages 126-150, September.
- Segal, Uzi & Sobel, Joel, 2000. "Min, Max, and Sum," University of California at San Diego, Economics Working Paper Series qt8ms3g4t1, Department of Economics, UC San Diego.
- Uzi Segal & Joel Sobel, 2001. "Min, Max, and Sum," Boston College Working Papers in Economics 512, Boston College Department of Economics.
- Ioannides, Yannis M., 2012.
"Complexity and organizational architecture,"
Mathematical Social Sciences, Elsevier, vol. 64(2), pages 193-202.
- Yannis M. Ioannides, 2003. "Complexity and Organizational Architecture," Discussion Papers Series, Department of Economics, Tufts University 0313, Department of Economics, Tufts University.
- Mie Augier & Thorbjørn Knudsen, 2012. "The Architecture and Management of Knowledge in Organizations," Chapters, in: Richard Arena & Agnès Festré & Nathalie Lazaric (ed.), Handbook of Knowledge and Economics, chapter 19, Edward Elgar Publishing.
- 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.
- Thomas Hellmann, 2007. "The Role of Patents for Bridging the Science to Market Gap," NBER Chapters, in: Academic Science and Entrepreneurship: Dual Engines of Growth, National Bureau of Economic Research, Inc.
- Thomas Hellmann, 2005. "The Role of Patents for Bridging the Science to Market Gap," NBER Working Papers 11460, National Bureau of Economic Research, Inc.
- 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.
- repec:spo:wpmain:info:hdl:2441/dambferfb7dfprc9m2e02cub3 is not listed on IDEAS
- 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).
- 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.
- Ruth Ben-Yashar & Winston Koh & Shmuel Nitzan, 2009. "Is Specialization Desirable in Committee Decision Making?," Working Papers 2009-16, Bar-Ilan University, Department of Economics.
- Ruth Ben-Yashar & Miriam Krausz & Shmuel Nitzan, 2018.
"Government loan guarantees and the credit decision-making structure,"
Canadian Journal of Economics, Canadian Economics Association, vol. 51(2), pages 607-625, May.
- 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.
- 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.
- d’ASPREMONT, Claude & GEVERS, Louis, 2001. "Social welfare functionals and interpersonal comparability," LIDAM Discussion Papers CORE 2001040, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- D'ASPREMONT, Claude & GEVERS, Louis, 2002. "Social welfare functionals and interpersonal comparability," LIDAM Reprints CORE 1564, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- 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.
- Basu, Kaushik & Mitra, Tapan, 2003. "Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization," Working Papers 03-05, Cornell University, Center for Analytic Economics.
- Grechuk, Bogdan & Zabarankin, Michael, 2018. "Direct data-based decision making under uncertainty," European Journal of Operational Research, Elsevier, vol. 267(1), pages 200-211.
- 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.
- Hervé Crès & Itzhak Gilboa, & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," SciencePo Working papers hal-00973094, HAL.
- Hervé Crès & Itzhak Gilboa & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," Sciences Po publications info:hdl:2441/dambferfb7d, Sciences Po.
- Hervé Crès & Itzhak Gilboa, & Nicolas Vieille, 2012. "Bureaucracy in Quest for Feasibility," Working Papers hal-00973094, HAL.
- Chifeng Dai, 2010. "Imperfect verification, appeals, and limited liability," Journal of Regulatory Economics, Springer, vol. 37(1), pages 23-41, February.
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.