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Independence of Irrelevant Alternatives and Revealed Group Preferences

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  • Peters, Hans
  • Wakker, Peter

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  • Peters, Hans & Wakker, Peter, 1991. "Independence of Irrelevant Alternatives and Revealed Group Preferences," Econometrica, Econometric Society, vol. 59(6), pages 1787-1801, November.
  • Handle: RePEc:ecm:emetrp:v:59:y:1991:i:6:p:1787-1801
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    1. David Bowman & Deborah Minehart & Matthew Rabin, 1994. "Loss aversion in a consumption/savings model," International Finance Discussion Papers 492, Board of Governors of the Federal Reserve System (U.S.).
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    3. Shlomo Benartzi & Richard H. Thaler, 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, Oxford University Press, pages 73-92.
    4. Loomes, Graham & Segal, Uzi, 1994. "Observing Different Orders of Risk Aversion," Journal of Risk and Uncertainty, Springer, vol. 9(3), pages 239-256, December.
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    6. Epstein, Larry G. & Zin, Stanley E., 1990. "'First-order' risk aversion and the equity premium puzzle," Journal of Monetary Economics, Elsevier, pages 387-407.
    7. Mankiw, N. Gregory & Zeldes, Stephen P., 1991. "The consumption of stockholders and nonstockholders," Journal of Financial Economics, Elsevier, pages 97-112.
    8. Daniel Kahneman & Jack L. Knetsch & Richard H. Thaler, 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias," Journal of Economic Perspectives, American Economic Association, pages 193-206.
    9. Mankiw, N. Gregory & Zeldes, Stephen P., 1991. "The consumption of stockholders and nonstockholders," Journal of Financial Economics, Elsevier, pages 97-112.
    10. Epstein, Larry G. & Zin, Stanley E., 1990. "'First-order' risk aversion and the equity premium puzzle," Journal of Monetary Economics, Elsevier, pages 387-407.
    11. Hellwig Martin F., 1995. "The Assessment of Large Compounds of Independent Gambles," Journal of Economic Theory, Elsevier, pages 299-326.
    12. Bowman, David & Minehart, Deborah & Rabin, Matthew, 1999. "Loss aversion in a consumption-savings model," Journal of Economic Behavior & Organization, Elsevier, pages 155-178.
    13. Pratt, John W & Zeckhauser, Richard J, 1987. "Proper Risk Aversion," Econometrica, Econometric Society, pages 143-154.
    14. Machina, Mark J, 1987. "Choice under Uncertainty: Problems Solved and Unsolved," Journal of Economic Perspectives, American Economic Association, pages 121-154.
    15. Uzi Segal & Avia Spivak, 1988. "First Order Versus Second Order Risk Aversion," UCLA Economics Working Papers 540, UCLA Department of Economics.
    16. Harless, David W & Camerer, Colin F, 1994. "The Predictive Utility of Generalized Expected Utility Theories," Econometrica, Econometric Society, vol. 62(6), pages 1251-1289, November.
    17. Read, Daniel & Loewenstein, George & Rabin, Matthew, 1999. "Choice Bracketing," Journal of Risk and Uncertainty, Springer, vol. 19(1-3), pages 171-197, December.
    18. Segal, Uzi & Spivak, Avia, 1990. "First order versus second order risk aversion," Journal of Economic Theory, Elsevier, pages 111-125.
    19. Kandel, S. & Stambaugh, R.F., 1990. "Asset Returns, Investment Horizons, And Intertemporal Preferences," Weiss Center Working Papers 7-90, Wharton School - Weiss Center for International Financial Research.
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    Cited by:

    1. Ok, Efe A. & Zhou, Lin, 1997. "The Choquet Bargaining Solutions," Working Papers 97-36, C.V. Starr Center for Applied Economics, New York University.
    2. Dean R. Hyslop & David C. Maré, 2003. "Understanding New Zealand's Changing Income Distribution 1983-98: A Semiparametric Analysis," Working Papers 03_16, Motu Economic and Public Policy Research.
    3. repec:eee:phsmap:v:488:y:2017:i:c:p:60-71 is not listed on IDEAS
    4. Ok, Efe A. & Zhou, Lin, 2000. "The Choquet Bargaining Solutions," Games and Economic Behavior, Elsevier, pages 249-264.
    5. Walter Bossert, 2000. "Welfarism and information invariance," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 17(2), pages 321-336.
    6. Le Breton, Michel & Weymark, John A., 2002. "Arrovian Social Choice Theory on Economic Domains," IDEI Working Papers 143, Institut d'Économie Industrielle (IDEI), Toulouse, revised Sep 2003.
    7. Geoffroy de Clippel, 2009. "Axiomatic Bargaining on Economic Enviornments with Lott," Working Papers 2009-5, Brown University, Department of Economics.
    8. Rausser, Gordon C. & Simon, Leo K. & van 't Veld, Klaas T., 1994. "Political-economic processes and collective decision making," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2s43m3nc, Department of Agricultural & Resource Economics, UC Berkeley.
    9. Kapeller, Jakob & Steinerberger, Stefan, 2016. "Emergent phenomena in scientific publishing: A simulation exercise," Research Policy, Elsevier, vol. 45(10), pages 1945-1952.
    10. Bullock, David S., 2012. "Dangers of Using Political Preference Functions in Political Economy Analysis: Examples from U.S. Ethanol Policy," Congress Papers 124118, Italian Association of Agricultural and Applied Economics (AIEAA).
    11. Kim, Sunyoung & Bergantiños, Gustavo & Chun, Youngsub, 2015. "The separability principle in single-peaked economies with participation constraints," Mathematical Social Sciences, Elsevier, pages 69-75.
    12. Masatlioglu, Yusufcan & Ok, Efe A., 2005. "Rational choice with status quo bias," Journal of Economic Theory, Elsevier, pages 1-29.
    13. Walter Bossert & Hans Peters, 2009. "Single-peaked choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 213-230.
    14. Alcantud, Jose C.R., 2006. "Maximality with or without binariness: Transfer-type characterizations," Mathematical Social Sciences, Elsevier, pages 182-191.
    15. Bossert, Walter & Peters, Hans, 2017. "Choice on the simplex domain," Research Memorandum 030, Maastricht University, Graduate School of Business and Economics (GSBE).
    16. Hanany, Eran, 2007. "Appeals immune bargaining solution with variable alternative sets," Games and Economic Behavior, Elsevier, pages 72-84.
    17. Ok, Efe A., 1998. "Inequality averse collective choice," Journal of Mathematical Economics, Elsevier, vol. 30(3), pages 301-321, October.
    18. Bossert, Walter, 1998. "Welfarism and rationalizability in allocation problems with indivisibilities1," Mathematical Social Sciences, Elsevier, pages 133-150.
    19. Peters, Hans & Wakker, Peter, 1996. "Cycle-preserving extension of demand functions to new commodities," Journal of Mathematical Economics, Elsevier, vol. 25(3), pages 281-290.
    20. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2017. "Is Europe Disintegrating? Macroeconomic Divergence, Structural Polarisation, Trade and Fragility," wiiw Working Papers 136, The Vienna Institute for International Economic Studies, wiiw.
    21. Michele Lombardi & Marco Mariotti, 2009. "Uncovered bargaining solutions," International Journal of Game Theory, Springer;Game Theory Society, pages 601-610.
    22. Özgür Kıbrıs, 2013. "On recursive solutions to simple allocation problems," Theory and Decision, Springer, pages 449-463.
    23. Özgür Kıbrıs, 2012. "A revealed preference analysis of solutions to simple allocation problems," Theory and Decision, Springer, pages 509-523.
    24. An, M.Y., 1996. "Log-Concave Probability Distributions : Theory and Statistical Testing," Papers 96-01, Centre for Labour Market and Social Research, Danmark-.
    25. Walter Bossert & David Donaldson & Charles Blackorby, 1999. "Rationalizable solutions to pure population problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(3), pages 395-407.

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