Related papers: Disentangling Revealed Preference From Rationaliza…
This paper studies how violations of structural assumptions like expected utility and exponential discounting can be connected to basic rationality violations, even though these assumptions are typically regarded as independent building…
We consider a model of socially interacting individuals that make a binary choice in a context of positive additive endogenous externalities. It encompasses as particular cases several models from the sociology and economics literature. We…
The Conditional Preference Network (CP-net) graphically represents user's qualitative and conditional preference statements under the ceteris paribus interpretation. The constrained CP-net is an extension of the CP-net, to a set of…
This survey reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments;…
The definition of preferences assigned to individuals is a concept that concerns many disciplines, from economics, with the search of an acceptable outcome for an ensemble of individuals, to decision making an analysis of vote systems. We…
This paper unifies two key results from economic theory, namely, revealed rational inattention and classical revealed preference. Revealed rational inattention tests for rationality of information acquisition for Bayesian decision makers.…
Abductive explanations (AXp's) are widely used for understanding decisions of classifiers. Existing definitions are suitable when features are independent. However, we show that ignoring constraints when they exist between features may lead…
Retrocausal models of QM add further weight to the conflict between causality and the possible existence of free will. We analyze a simple closed causal loop ensuing from the interaction between two systems with opposing thermodynamic time…
This paper characterizes lexicographic preferences over alternatives that are identified by a finite number of attributes. Our characterization is based on two key concepts: a weaker notion of continuity called 'mild continuity' (strict…
We propose a model of causal persuasion, in which a sender selectively discloses a set of variables together with their true joint distribution and proposes a subjective causal model that binds them. A receiver is persuaded by this model…
This paper reports a modified axiomatic foundation of the analytic hierarchy process (AHP), where the reciprocal property of paired comparisons is broken. The novel concept of reciprocal symmetry breaking is proposed to characterize the…
Disentanglement is a difficult property to enforce in neural representations. This might be due, in part, to a formalization of the disentanglement problem that focuses too heavily on separating relevant factors of variation of the data in…
The axiomatic foundations of Bentham and Rawls solutions are discussed within the broader domain of cardinal preferences. It is unveiled that both solution concepts share all four of the following axioms: Nonemptiness, Anonymity, Unanimity,…
We consider social welfare functions that satisfy Arrow's classic axioms of independence of irrelevant alternatives and Pareto optimality when the outcome space is the convex hull of some finite set of alternatives. Individual and…
We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying "true" preference. Our conditions are weak, and therefore valid in a wide range of economic environments.…
Revealed preference theory studies the possibility of modeling an agent's revealed preferences and the construction of a consistent utility function. However, modeling agent's choices over preference orderings is not always practical and…
We investigate Gale's important paper published in 1960. This paper contains an example of a candidate of the demand function that satisfies the weak axiom of revealed preference and that is doubtful that it is a demand function of some…
It is shown that in the case of a single decision maker who optimizes several possibly conflicting objectives, the amount of information available in preference relations among pairs of possible decisions, when compared with all other…
We consider approval-based committee voting, i.e. the setting where each voter approves a subset of candidates, and these votes are then used to select a fixed-size set of winners (committee). We propose a natural axiom for this setting,…
Language is not only used to transmit neutral information; we often seek to persuade by arguing in favor of a particular view. Persuasion raises a number of challenges for classical accounts of belief updating, as information cannot be…