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Rational Choice, Collective Decisions, and Social Welfare



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An examination of the phenomenon of social cooperation failure, even amongst a group of rational individuals.






An examination of the phenomenon of social cooperation failure, even amongst a group of rational individuals.


This is then used to obtain a characterization of setvalued choice functions that are rational by two sequential criteria which follows the approach initiated by Manzini and Mariotti Amer. Baltimore Johns Hopkins. The theory also focuses on the determinants of the individual choices methodological individualism. SenQuasitransitivity rational choice and collective decisions.


Social Welfare

to the intellectual disciplines of welfare economics and social choice theory . Unrestricted Domain This condition says that the domain of the. That is people make rational choices based on their goals and those choices govern their behavior. Add more citations. 5 A Possibility Theorem on Maj ority Decisions 109 6 Quasitransitivity Rational Choice and Collective Decisions 118 7 Necessary and Sufficient Conditions for Rational Choice under Majority Decision with P. A collective choice rule f that invariably specifies a social ordering R is a social welfare function. Rationality and Social Choice. by W Bossert 2008 Cited by 33 A.K. Rationality Rational Choice and Collective Action Bibliography . Social choice theory SCT is the study of what social welfare is and of how a rational society should act in order to maximize social welfare.


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