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Shortlisting

Author

Listed:
  • 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.

Suggested Citation

  • Paola Manzini & Marco Mariotti, 2005. "Shortlisting," Public Economics 0503006, University Library of Munich, Germany, revised 23 Mar 2006.
    • Handle: RePEc:wpa:wuwppe:0503006
    Note: Type of Document - pdf; pages: 10
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0503/0503006.pdf
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    References listed on IDEAS

    as
    1. Paola Manzini & Marco Mariotti, 2004. "Rationalizing Boundedly Rational Choice," Microeconomics 0407005, University Library of Munich, Germany, revised 21 Dec 2005.
    2. Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(3), pages 307-317.
    3. Sen, Amartya, 1993. "Internal Consistency of Choice," Econometrica, Econometric Society, vol. 61(3), pages 495-521, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Houy, Nicolas, 2011. "A refinement of prudent choices," Mathematical Social Sciences, Elsevier, vol. 61(3), pages 166-169, May.
    2. Houy Nicolas, 2008. "Choice Functions with States of Mind," Theory and Decision, Springer, vol. 65(1), pages 1-26, August.
    3. Nicolas Houy, 2008. "Prudent choices and rationality," Working Papers hal-00360518, HAL.
    4. Houy Nicolas, 2007. "Rationality and Order-Dependent Sequential Rationality," Theory and Decision, Springer, vol. 62(2), pages 119-134, March.
    5. Michele Lombardi, 2008. "Uncovered set choice rules," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(2), pages 271-279, August.
    6. Nicolas Houy, 2010. "A characterization of prudent choices," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(2), pages 181-192, February.

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    More about this item

    Keywords

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    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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