Decision-making under risk: Editing procedures based on correlated similarities, and preference overdetermination

A behavioural foundation for models of evolutionary drift

“…This is the shrinking property of the correlated similarity relation defined by λ ki on F ki (see Uriarte (1999)). It means that if the expected payoff at stake increases, the agent ki's perception on the space F ki increases.…”

“…If the vagueness felt by the agent decreases when he observes that the proportion of agents playing his current strategy increases, then we would obtain the socially induced similarity relations (which are related to those introduced by Uriarte (1999) for the space of simple lotteries).…”

A Vague Theory of Choice over Time

“…This aspect has been underlined and studied, in a risk context, by Aizpurúa et al([2] and[1]) andUriarte[36], who develop the concept of 'correlated similarities' 6. Vilà[38] shows that with three dimensions Rubinstein's similarity approach generates intransitivities.See also Gilboa and Lapson[9].…”

A Vague Theory of Choice Over Time

“…This aspect has been underlined and studied, in a risk context, byAizpurúa et al ([2] and[1]) and Uriarte[36], who develop the concept of 'correlated similarities' 6. Vilà[38] shows that with three dimensions Rubinstein's similarity approach generates intransitivities.See also Gilboa and Lapson[9].…”