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4. Bewley meet Gilboa and Schmeidler: legitimate preferences under uncertainty

Type:	Trabalho de Evento
Title:	Bewley meet Gilboa and Schmeidler: legitimate preferences under uncertainty
Author:	Faro, José Heleno Ok, Efe Riella, Gil
Publication Date:	2014
Original Abstract:	We model an organization by a preference relation over uncertain acts satisfying a set of axioms capturing a legitimate decision making process. We show that our set of behavioral conditions is equivalent to a legitimate representation of preferences: there exist two nested sets of priors in which the smaller one represents the set of priors from individuals who occupy higher positions within the organization, while the larger one takes into account also probabilistic beliefs from people of lower positions. A legitimate decision that supports an act f against an act g includes authorization, which occurs when the smaller set of priors unanimously deems the act f better than the act g, a la Bewley (2002), and endorsement, which occurs when the larger set of priors deems the act f better than the act g according to a maxmin rule a la Gilboa and Schmeidler (1989).
Keywords in original language :	Unanimity rule maxmin preferences multiple priors
Language:	Inglês
CNPq Area:	Ciências Sociais Aplicadas
Copyright:	O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR
Appears in Collections:	Coleção de Trabalhos Apresentados em Eventos

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