Distributional Preferences and Sorting into Decision-Making
Gökben Aydilek
Broschiertes Buch

Distributional Preferences and Sorting into Decision-Making

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In social contexts, making decisions on behalf of a group is a task with which people are often faced in their daily lives. These decisions can range from choosing a holiday plan for your family to making an investment decision for your company where individual preferences determine the payoff distribution for group members. In the holiday example above, some people may follow their own holiday plan, whilst some may self-sacrifice to adapt the preferences of others. Nevertheless, there may also be some people who would prefer refraining from deciding on behalf of a group and leave it to someon...