Dilemma of collective and individual rationality
نویسندگان
چکیده
منابع مشابه
Individual Rationality in Collective Choice
This paper studies the rationality of an individual player in sequential games of perfect information played with other players who are not necessarily rational. The paper proposes a set of properties on the choice behavior and shows that they are equivalent to the rationality of an individual player at the initial node independently of the behavioral norm of the other players. Furthermore, I s...
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Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...
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Roth (1977) axiomatized the Nash (1950) bargaining solution without Pareto optimality. His result is considered an improvement on Nash’s original one, since it dispenses with notions of collective rationality. Several variants of Roth’s result have been obtained in a line of subsequent works. However, all of them rely on Nash’s (1950) independence axiom. Whether or how collective rationality ca...
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ژورنال
عنوان ژورنال: KANT
سال: 2020
ISSN: 2222-243X
DOI: 10.24923/2222-243x.2020-36.27