Individual Rationality
Collective and Individual Rationality: Some Episodes in the History of Economic Thought
... the individual and the ...the individual agents find themselves in a multi-player ...each individual achieves a better satisfaction of his ...
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Collective and individual rationality: Robert Malthus’s heterodox theodicy
... is individual behaviour which is key, and, as we shall see, the incentives are already in place to guide those individuals to socially desirable ...required: individual self-seeking behaviour leads directly ...
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Collective and individual rationality: Maynard Keynes' methodological standpoint and policy prescription
... The problem is the presence of an anachronistic institutional framework – laissez-faire – which fragments the decision-making process without mitigating the social consequences of the decisions made. The community can ...
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Formal explorations in collective and individual rationality
... Academic disciplines are increasingly fragmented, and this natu- rally leads to diverse areas of expertise within them. But if the state of a discipline as a whole is supposed to depend on the beliefs of its experts in a ...
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Collective and individual rationality: Robert Malthus’s heterodox theodicy
... prudential moral restraint was not in the First Essay, but first introduced in the 1803 edition. Not only is the idea only introduced in the second edition, but it is in contradiction to the views expressed in the first ...
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Individually rational collective choice
... of choices via individual rationality. Two definitions of rationalizability were considered. The first one assumed that one is given the profiles of preferences that are allowed in the rationalization, and ...
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The government economic agenda in a society of unequally rational individuals
... each individual, rationality must be recognized to be a kind of human ...of rationality that their owner could potentially learn in ideal learning environments, and may be referred to as potential ...
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Mediation and peace
... post individual rationality constraints requiring that both contestants find proposed peaceful settlements more advantageous than starting ...post individual rationality and introduce standard ...
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PP 2010 13: Lifting Rationality Assumptions in Binary Aggregation
... press individual rationality constraints in the framework of boolean aggregation, and we defined an aggregation proce- dure to be collectively rational if the collective outcome sat- isfies a certain ...
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OPTIMAL MULTIATTRIBUTE SCREENING
... (individual rationality) and the agent’s self-interested choice behavior (incentive compatibility), an optimal screening menu maximizes the principal’s expected ...
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A conceptual analysis of commitments in multiagent systems
... The role of S-commitments in group rationality is akin to that of P-commitments in individual rationality. Even when they are not in the immediate (i.e., local) interest of an agent, S-commitments ...
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Individually rational collective choice
... This paper characterizes collective choices in terms of the way in which in- dividual preferences must co-vary in order to explain observed distributions of choices, maintaining individual rationality, ...
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Minimizing regret when dissolving a partnership
... When entitlements are unequal, linear mechanisms, as well as the binary-search procedure, do not satisfy these desirable properties. In fact, when entitlements are unequal and agents seek to minimize regret, there is no ...
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A Procurement Mechanism for Dynamic Resource Pricing in Cloud Computing Priya D, Revathy G, Yogalakshmi A, Jasmin Suji V
... Procurement is the acquisition of goods, services or works from an outside external source. We present a cloud resource procurement approach which not only automates the selection of an appropriate cloud vendor but also ...
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House Allocation Problem Preliminaries House Allocation Problem
... house exchange problem Pareto efficiency, individual rationality, strategy-proofness, core Gale’s top trading cycles TTC mechanism.. House Allocation Problems One-Sided Matching..[r] ...
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Optimal robust bilateral trade : risk neutrality
... A seller and a buyer with private information bargaining over an indivisible item is a most fundamental market interaction. It leads to questions of pricing, aggregation of private information and efficiency. Ultimately, ...
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Economics and psychology Perfect rationality versus bounded rationality
... bounded rationality is associated to Herbert Simon (1955, 1956, 1957, 1972, 1979, 1991), who proposed the idea of bounded rationality as an alternative basis for the mathematical modeling of decision ...
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A novel conceptual framework for understanding the mechanism of adherence to long term therapies
... A specifi c aim of this paper was to provide a mechanistic explanation of a clinical observation: different manifestations of nonadherence are often “bunched” in a given patient, who is infl uenced by the principle of ...
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Enlightenment of Kohlberg’s Theory of Moral Development in the Context of Moral Education in Mainland China
... the individual differences, listening to their ideas and making a choice of their own, instead of forcing students to accept the moral precepts and moral ...
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Article After the Prestige: A Postmodern Analysis of Penn and Teller
... The metanarrative of magic is tied up with the notion of control. Mangan (2007) asserts that at its heart, “conjuring is all about power—of one sort or another” (p. 9). All the secrecy of the magic community is basically ...
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