Preferences, prisoners and private information: was socrates rational at his trial?
نویسندگان
چکیده
منابع مشابه
QUANTUM RATIONAL PREFERENCES AND DESIRABILITY Quantum rational preferences and desirability
We develop a theory of quantum rational decision making in the tradition of Anscombe and Aumann’s axiomatisation of preferences on horse lotteries. It is essentially the Bayesian decision theory generalised to the space of Hermitian matrices. Among other things, this leads us to give a representation theorem showing that quantum complete rational preferences are obtained by means of expected ut...
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There are several debates around why Socrates executed but none of them has explained why he executed at seventy. I think Socratic hubris can explain it. In fact, if we refer to “earlier Socrates” dialogues that cover life of Socrates from youth to seventy years, it is obvious that Socrates on effort to find and present a good life appealed to speech and used it to cross-examine Athenians. Howe...
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We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. We analyze an exogenous linking mechanism suggested by Jackson and Sonnenschein (2007) as well as repeated interaction in different setting...
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Most economists, at least when confronted with the issue, would agree that strict selfishness cannot be taken literally as a universal description of the economic agent. For markets to be fully competitive, agents can only be selfish within certain bounds, e.g. they have to respect basic property rights. Also, most employment relationships rely on mutual trust and cooperation. Yet, the selfish,...
متن کاملQuantum Rational Preferences and Desirability
We develop a theory of quantum rational decision making in the tradition of Anscombe and Aumann’s axiomatisation of preferences on horse lotteries. It is essentially the Bayesian decision theory generalised to the space of Hermitian matrices. Among other things, this leads us to give a representation theorem showing that quantum complete rational preferences are obtained by means of expected ut...
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ژورنال
عنوان ژورنال: European Journal of Law and Economics
سال: 2010
ISSN: 0929-1261,1572-9990
DOI: 10.1007/s10657-010-9151-5