نتایج جستجو برای: full rationality
تعداد نتایج: 306685 فیلتر نتایج به سال:
There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions between rational and irrationa...
In this paper we analyse some of the classical paradoxes in Social Choice Theory (namely, the Condorcet paradox, the discursive dilemma, the Ostrogorski paradox and the multiple election paradox) using a general framework for the study of aggregation problems called binary aggregation with integrity constraints. We provide a definition of paradox that is general enough to account for the four c...
An adequate distribution of responsibilities between scientists and policy-makers requires that a distinction be made between theoretical rationality (what to believe) and practical rationality (what to do). In chemical risk management, it is often necessary to base decisions on indications of risk that do not amount to full scientific proof. Guidelines are offered for how this can be done with...
There is a deep-seated belief among planners that the historical association between urban planning and rationality is an unquestioned presumption which they follow their daily practices based on. It seems that truth of urban planning claims has been shown predominantly by applying the concept of rationality. As a result, reflection on rationality can be taken into consideration as an importan...
We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and public policy implications of these models.
We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and public policy implications of these models.
In the setting of fuzzy choice functions (Georgescu [6]), we explore the relationships among known and new consistency axioms. Then we define the notion of sequential application of fuzzy choice functions, and investigate its normative implications. The Fuzzy Arrow Axiom is preserved by this sequential procedure, which ensures that full-rationality is preserved too.
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