1
vote
0answers
35 views

quasi rationality, interesting axiom of revealed preferences

So imagine there is a notion of rationality that captures the idea of "thresholds in preference." For example, let $\mathbb{Z}$ be the integers: $\mathbb{Z} = \{\dots, -10, -9, \dots, 0, 1, 2, ...
2
votes
1answer
166 views

Optimal auction for risk-averse seller

Consider an auction of a single unit of indivisible good. There are $n$ buyers whose values of the object is drawn independently from the uniform distribution on $[0,1]$. The buyers have interim ...
10
votes
2answers
821 views

Is there an equivalent of Heisenberg's uncertainty principle in the decision sciences ?

From memories of a quantum mechanics class and Wikipedia: In quantum mechanics, the uncertainty principle is any of a variety of mathematical inequalities asserting a fundamental limit to the ...
8
votes
3answers
951 views

Weighted Regular Graphs

The following graph theoretic notion appeared in an economics paper entitled: "Prize competition under limited comparability, by Michele Piccione and Ran Spiegler which studies models of economics ...