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  • Paola Manzini

    (Queen Mary, University of London & IZA)

  • Marco Mariotti

    (Queen Mary, University of London)

Abstract

We study the properties of decisions made by committees who select alternatives by constructing shortlists. We find that even when committees are themselves rational, such procedures may not give rise to rational choices. A necessary condition for this to occur is disagreement between committees. However, we delimit substantially the extent of `irrationality' that these procedures allow.

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File URL: http://128.118.178.162/eps/pe/papers/0503/0503006.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Public Economics with number 0503006.

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Length: 10 pages
Date of creation: 15 Mar 2005
Date of revision: 14 Jul 2005
Handle: RePEc:wpa:wuwppe:0503006

Note: Type of Document - pdf; pages: 10
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Web page: http://128.118.178.162

Related research

Keywords: Committees; shortlist; menu-dependence; cycles of choice;

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References

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  1. Paola Manzini & Marco Mariotti, 2004. "Rationalizing Boundedly Rational Choice," Microeconomics 0407005, EconWPA, revised 21 Jul 2005.
  2. Sen, Amartya K, 1971. "Choice Functions and Revealed Preference," Review of Economic Studies, Wiley Blackwell, vol. 38(115), pages 307-17, July.
  3. Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May.
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Citations

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Cited by:
  1. Houy Nicolas, 2008. "Choice Functions with States of Mind," Theory and Decision, Springer, vol. 65(1), pages 1-26, August.
  2. Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
  3. Nicolas Houy, 2008. "A refinement of prudent choices," Working Papers hal-00360523, HAL.
  4. Michele Lombardi, 2006. "Uncovered Set Choice Rule," Working Papers 563, Queen Mary, University of London, School of Economics and Finance.
  5. Nicolas Houy, 2010. "A characterization of prudent choices," Social Choice and Welfare, Springer, vol. 34(2), pages 181-192, February.
  6. Nicolas Houy, 2008. "Prudent choices and rationality," Working Papers hal-00360518, HAL.

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