Choosing the two finalists |
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| Authors: | Kfir Eliaz Michael Richter Ariel Rubinstein |
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| Institution: | 1.Department of Economics,Brown University,Providence,USA;2.Department of Economics,New York University,New York,USA;3.University of Tel Aviv Cafés,Tel Aviv,Israel |
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| Abstract: | This paper studies a decision maker who for each choice set selects a subset of (at most) two alternatives. We axiomatize
three types of procedures: (i) The top two: the decision maker has in mind an ordering and chooses the two maximal alternatives.
(ii) The two extremes: the decision maker has in mind an ordering and chooses the maximal and the minimal alternatives. (iii)
The top and the top: the decision maker has in mind two orderings and he chooses the maximal element from each. |
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