Nash rationalization of collective choice over lotteries

To test the joint hypothesis that players in a noncooperative game (allowing mixtures over pure strategies) consult an independent preference relation and select a Nash equilibrium, it suffices to study the reaction of the revealed collective choice upon changes in the space of strategies available to the players. The joint hypothesis is supported if the revealed choices satisfy an extended version of Richter's congruence axiom together with a contraction-expansion axiom that models the noncooperative behavior. In addition, we provide sufficient and necessary conditions for a binary relation to have an independent ordering extension, and for individual choices over lotteries to be rationalizable by an independent preference relation.

[1]  G. Peersman,et al.  Determinants of consumption smoothing , 2004 .

[2]  John Conlisk,et al.  Three Variants on the Allais Example , 1989 .

[3]  D. Buyens,et al.  The Role of Career-Self-Management in Determining Employees’Perceptions and Evaluations of their Psychological Contract and their Esteemed Value of Career Activities Offered by the Organization , 2004 .

[4]  J. Christiaens,et al.  Governmental Accounting Reform: Evolution of the Implementation in Flemish Municipalities , 2007 .

[5]  Olivier De Jonghe,et al.  Bank Risks and the Business Cycle , 2004 .

[6]  J. Christiaens,et al.  Accounting and Management Reform in Local Authorities: A Tool for Evaluating Empirically the Outcomes , 2004 .

[7]  Bart Baesens,et al.  Neural network survival analysis for personal loan data , 2005, J. Oper. Res. Soc..

[8]  D. Buyens,et al.  Information seeking about the psychological contract: the impact on newcomers' evaluations of their employment relationship , 2004 .

[9]  D. De Clercq,et al.  When Do Venture Capital Firms Learn from Their Portfolio Companies? , 2005 .

[10]  An Experimental Study of the Allais Paradox over Losses: Some Preliminary Evidence , 1989 .

[11]  B. Clarysse,et al.  How do Early Stage High Technology Investors Select Their Investments , 2005 .

[12]  Geert Wets,et al.  Why promotion strategies based on market basket analysis do not work , 2005, Expert Syst. Appl..

[13]  S. Manigart,et al.  Private Equity Investments and Disclosure Policy , 2008 .

[14]  N. Dentchev,et al.  To What Extent Is Business and Society Literature Idealistic? , 2009 .

[15]  Erwin Ooghe,et al.  Is it Fair to Make Work Pay? , 2007 .

[16]  L. Pozzi,et al.  Inflation crises, human capital formation and growth , 2004 .

[17]  Indrajit Ray,et al.  Game Theory via Revealed Preferences , 2001, Games Econ. Behav..

[18]  Erik Schokkaert,et al.  Equality of Opportunity versus Equality of Opportunity Sets , 2007, Soc. Choice Welf..

[19]  L. Pozzi,et al.  Examining Ricardian Equivalence by estimating and bootstrapping a nonlinear dynamic panel model , 2004 .

[20]  Geert Poels,et al.  The pragmatic quality of Resources‐ Events‐Agents diagrams: an experimental evaluation , 2011, Inf. Syst. J..

[21]  A. Oliver.  A quantitative and qualitative test of the Allais paradox using health outcomes , 2003 .

[22]  G. Rayp,et al.  Inequality and Growth: Does Time Change Anything? , 2004 .

[23]  Stephen A. Clark.  Revealed Preference and Expected Utility , 2000 .

[24]  D. De Clercq,et al.  Explaining venture capital firms' syndication behaviour: A longitudinal study , 2004 .

[25]  M. Wright,et al.  WHY DO VENTURE CAPITAL COMPANIES SYNDICATE , 2004 .

[26]  P. Gemmel,et al.  The waiting experience and consumer perception of service quality in outpatient clinics , 2004 .

[27]  Tom Verbeke,et al.  The Environmental Kuznets Curve: some really disturbing Monte Carlo evidence , 2004 .

[28]  Jason M. Shachat,et al.  Mixed Strategy Play and the Minimax Hypothesis , 2002, J. Econ. Theory.

[29]  L. V. Tavares,et al.  On the morphological structure of a network , 2004 .

[30]  Dirk Van de gaer,et al.  Lorenz Dominance and Non-welfaristic Redistribution , 2007, Soc. Choice Welf..

[31]  Tine Dhont,et al.  Fiscal policy, employment and growth: why is continental Europe lagging behind? , 2004 .

[32]  M. Wright,et al.  Spinning Out New Ventures: A Typology of Incubation Strategies from European Research Institutions , 2005 .

[33]  M. Geuens,et al.  Need for Closure and Leisure of Youngsters , 2004 .

[34]  K. Arrow.  Rational Choice Functions and Orderings1 , 1959 .

[35]  Han T. J. Smit,et al.  The Role of Investor Capabilities in Public-to-Private Transactions , 2004 .

[36]  T. Marchant.  Rationing : dynamic considerations, equivalent sacrifice and links between the two approaches , 2004 .

[37]  M. Geuens,et al.  Different Positive Feelings Leading to Different Ad Evaluations: The Case of Coziness, Excitement, and Romance , 2006 .

[38]  B. Clarysse,et al.  Institutional Change and the Resource Flows going to Spin off Projects: The case of IMEC , 2004 .

[39]  M. Richter.  Revealed Preference Theory , 1966 .

[40]  M. Neyt,et al.  The Long-Term Evolution of Quality of Life for Breast Cancer Treated Patients , 2004 .

[41]  Taesung Kim.  Revealed preference theory on the choice of lotteries , 1996 .

[42]  G. Rayp,et al.  Measuring and Explaining Government Inefficiency in Developing Countries , 2005 .

[43]  Johan A. K. Suykens,et al.  Faculteit Economie En Bedrijfskunde Hoveniersberg 24 B-9000 Gent Bayesian Kernel-based Classification for Financial Distress Detection Dirk Van Den Poel 4 Bayesian Kernel Based Classification for Financial Distress Detection , 2022 .

[44]  Johan Albrecht,et al.  Faculteit Economie En Bedrijfskunde Hoveniersberg 24 B-9000 Gent Informational Efficiency of the Us so 2 Permit Market , 2022 .

[45]  Roger B. Myerson,et al.  Game theory - Analysis of Conflict , 1991 .

[46]  Ferre De Graeve,et al.  Competition, Transmission and Bank Pricing Policies: Evidence from Belgian Loan and Deposit Markets , 2004 .

[47]  Stephen A. Clark.  Indecisive choice theory , 1995 .

[48]  G. Peersman.  What Caused the Early Millennium Slowdown? Evidence Based on Vector Autoregressions , 2003 .

[49]  Dirk Van den Poel,et al.  The impact of sample bias on consumer credit scoring performance and profitability , 2005, J. Oper. Res. Soc..

[50]  Stephen A. Clark.  Revealed preference and linear utility , 1993 .

[51]  M. Geuens,et al.  Need for closure, gender and social self-esteem of youngsters , 2004 .

[52]  B. Clarysse,et al.  Institutional Origin and Resource Endowments to Science-Based Entrepreneurial Firms: A European Exploration , 2009 .

[53]  Mario Vanhoucke,et al.  AN ELECTROMAGNETISM META-HEURISTIC FOR THE RESOURCE-CONSTRAINED PROJECT SCHEDULING PROBLEM , 2004 .

[54]  D. V. Poel,et al.  Dynamic cross-sales effects of price promotions: Empirical generalizations , 2004 .

[55]  A. Heene,et al.  A strategic perspective on stakeholder management , 2004 .

[56]  G. Peersman,et al.  Is the Exchange Rate a Shock Absorber or a Source of Shocks? New Empirical Evidence , 2006 .

[57]  G. Rayp,et al.  Inequality and Growth: From Micro Theory to Macro Empirics , 2007 .

[58]  Yves Sprumont,et al.  On the Testable Implications of Collective Choice Theories , 2000, J. Econ. Theory.

[59]  Mario Vanhoucke,et al.  A Bi-population Based Genetic Algorithm for the Resource-Constrained Project Scheduling Problem , 2005, ICCSA.

[60]  Mario Vanhoucke.  Work Continuity Constraints in Project Scheduling , 2006 .

[61]  Glenn Rayp,et al.  Measuring and explaining government efficiency in developing countries , 2007 .

[62]  Geert Poels,et al.  User Comprehension of Accounting Information Structures: An Empirical Test of the REA Model , 2004 .

[63]  I. Vermeir,et al.  SUSTAINABLE FOOD CONSUMPTION: EXPLORING THE CONSUMER ATTITUDE – BEHAVIOUR GAP , 2004 .

[64]  Dirk Van den Poel,et al.  Constrained optimization of data-mining problems to improve model performance: A direct-marketing application , 2005, Expert Syst. Appl..

[65]  K. Schoors,et al.  Gradualism versus Big Bang: Evidence from Transition Countries , 2004 .

[66]  Mario Vanhoucke,et al.  A Decomposition-Based Heuristic For The Resource-Constrained Project Scheduling Problem , 2005 .

[67]  Dirk Van den Poel,et al.  Incorporating sequential information into traditional classification models by using an element / position-sensitive SAM , 2005 .

[68]  Han T. J. Smit,et al.  Acquisitions as a Real Options Bidding Game , 2006 .

[69]  K. Suzumura.  Remarks on the Theory of Collective Choice , 1976 .

[70]  G. Rayp,et al.  Income Inequality Data in Growth Empirics: From Cross-Sections to Time Series , 2004 .

[71]  A. Sen,et al.  Choice Functions and Revealed Preference , 1971 .

[72]  Oscar Pastor,et al.  Comparative Evaluation of Functional Size Measurement Methods: An Experimental Analysis , 2004 .

[73]  D. Clercq,et al.  Antecedents of international and domestic learning effort , 2005 .

[74]  Narramore,et al.  Stochastic Choice and Consistency in Decision Making Under Risk: An Experimental Study , 2000 .

[75]  Geert Poels,et al.  Construction and Pre-Test of a Semantic Expressiveness Measure for Conceptual Models , 2004 .

[76]  Sofie Balcaen,et al.  Faculteit Economie En Bedrijfskunde Hoveniersberg 24 B-9000 Gent Alternative Methodologies in Studies on Business Failure: Do They Produce Better Results than the Classical Statistical Methods? , 2022 .

[77]  Oscar Pastor,et al.  Faculteit Economie En Bedrijfskunde Hoveniersberg 24 B-9000 Gent Functional Size Measurement Method for Object-oriented Conceptual Schemas: Design and Evaluation Issues a Functional Size Measurement Method for Object-oriented Conceptual Schemas: Design and Evaluation Issues , 2022 .

[78]  A. Vereecke,et al.  Performance improvement through supply chain collaboration: conventional wisdom versus empirical findings , 2005 .