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Group decision theory and production planning problems
(2010-03-26)
In the present work it is argued that a group decision problem can be viewed as a problem in output choice of a regulated firm and conversely. Having developed the above isomorphism, we turn to a related problem: that ...
Chernoff and a new congruence axiom implies full rationality
(2009-12-12)
Rationality in choice theory has been an abiding concern of decision theorists. A rationality postulate of considerable significance in the literature is the weak congruence axiom of Richter (1971) and Sen (1971). It is ...