Fully Bayesian Aggregation - HAL-SHS - Sciences de l'Homme et de la Société
Autre Publication Scientifique Documents de travail du Centre d'Économie de la Sorbonne Année : 2021

Fully Bayesian Aggregation

Résumé

Can a group be an orthodox rational agent? This requires the group's aggregate preferences to follow expected utility (static rationality) and to evolve by Bayesian updating (dynamic rationality). Group rationality is possible, but the only prefefence aggregation rules which achieve it (and are minimally Paretian and continuous) are the linear-geometric rules, which combine individual values linearly and individual beliefs geometrically. Linear-geometric preference aggregation contrasts with classic linear-linear preference aggregation, which combines both values and beliefs linearly, and achieves only static rationality. Our characterisation of linear-geometric preference aggregation implies as corollaries a characterisation of linear value aggregation (Harsanyi's Theorem) and a characterisation of geometric belief aggregation.
Fichier principal
Vignette du fichier
20014R.pdf (600.42 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

halshs-02905409 , version 1 (08-01-2020)
halshs-02905409 , version 2 (23-07-2020)
halshs-02905409 , version 3 (26-01-2021)

Identifiants

  • HAL Id : halshs-02905409 , version 3

Citer

Franz Dietrich. Fully Bayesian Aggregation. 2021. ⟨halshs-02905409v3⟩

Relations

252 Consultations
391 Téléchargements

Partager

More