A note on randomized social choice and random dictatorships
Article Abstract:
The concept of regularity is presented as an alternative proof to the random dictatorship theory of McLennan and the related ideas of Pattanaik and Peleg. In the former, the concept of rationalizability is replaced by regularity which, although weaker in nature, is nonetheless as valid as the other concept. The idea of strategy proofness is likewise presented to supplement the random dictatorship theory of Pattanaik and Peleg.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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A note on comparitive downside risk aversion
Article Abstract:
The conditions of the comparitive downside risk aversion, which are similar to those put forward by Ronald Ross, are compared. The local coefficient of the comparitive downside risk aversion has been derived.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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