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Note on characterising the median
(2010-01-16)
Consider the situation where one has to choose one among three differently priced birthday cakes, to give to a friends. It is very likely, that in the absence of strong personal reasons, one would select the cake whose ...
Axiomatic characterizations of some solutions for abstract games
(2010-01-16)
An abiding problem in choice theory has been one of characterizing those choice functions which are obtained as a result of some kind of optimization. Specifically, the endeavour has concentrated largely on finding a binary ...