Rational choice and polynomial measurement models |
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Authors: | Marcel K Richter |
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Affiliation: | Department of Economics, University of Minnesota, Minneapolis, Minnesota 55455 USA |
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Abstract: | Rational choice behavior is defined in a manner that subsumes rational choice theory as part of general measurement theory. The special class of polynomial measurement problems are defined, and their solutions are reduced to solving polynomial inequalities. An algebraic criterion is given for the solvability of arbitrary finite sets of polynomial inequalities, resolving a conjecture of Tversky. |
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