5 found
  1.  25
    Welfare Economics and Bounded Rationality: The Case for Model-Based Approaches.Paola Manzini & Marco Mariotti - 2014 - Journal of Economic Methodology 21 (4):343-360.
    In this paper, we examine the problems facing a policy maker who observes inconsistent choices made by agents who are boundedly rational. We contrast a model-less and a model-based approach to welfare economics. We make the case for the model-based approach and examine its advantages as well as some problematic issues associated with it.
    Direct download (6 more)  
    Export citation  
    Bookmark   9 citations  
  2.  31
    Choosing Monetary Sequences: Theory and Experimental Evidence. [REVIEW]Paola Manzini, Marco Mariotti & Luigi Mittone - 2010 - Theory and Decision 69 (3):327-354.
    We formulate and investigate experimentally a model of how individuals choose between time sequences of monetary outcomes. The model assumes that a decision maker uses, sequentially, two criteria to screen options. Each criterion only permits a decision between some pairs of options, while the other options are incomparable according to that criterion. When the first criterion is not decisive, the decision maker resorts to the second criterion to select an alternative. We find that: (1) traditional economic models based on discounting (...)
    No categories
    Direct download (8 more)  
    Export citation  
    Bookmark   5 citations  
  3.  37
    On the Representation of Incomplete Preferences Over Risky Alternatives.Paola Manzini & Marco Mariotti - 2008 - Theory and Decision 65 (4):303-323.
    We study preferences over lotteries which do not necessarily satisfy completeness. We provide a characterization which generalizes Expected Utility theory. We show in particular that various sure-thing axioms are needed to guaranteee the representability in terms of utility intervals rather than numbers, and to provide a linear interval order representation which is very much in the spirit of Expected Utility theory.
    Direct download (3 more)  
    Export citation  
    Bookmark   4 citations  
  4. Choice Over Time.Paola Manzini & Marco Mariotti - 2009 - In Paul Anand, Prasanta Pattanaik & Clemens Puppe (eds.), Handbook of Rational and Social Choice. Oxford University Press.
    Export citation  
    Bookmark   3 citations  
  5. Edited volumes-il cerchio Della Vita. Materiali di ricerca Del centro studi lazzaro spallanzani di scandiano sulla storia Della scienza Del settecento.Walter Bernardi & Paola Manzini - 2000 - History and Philosophy of the Life Sciences 22 (3):450.