1 / 3

INDIVIDUAL AND COLLECTIVE PREFERENCE AND CHOICE

INDIVIDUAL AND COLLECTIVE PREFERENCE AND CHOICE Strange Ice Cream Flavor Choice Behavior Expansion/Contraction of Set of Options

ostinmannual
Télécharger la présentation

INDIVIDUAL AND COLLECTIVE PREFERENCE AND CHOICE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INDIVIDUAL AND COLLECTIVE PREFERENCE AND CHOICE

  2. Strange Ice Cream Flavor Choice Behavior Expansion/Contraction of Set of Options Customer: “Given a choice between vanilla and chocolate, I’ll take vanilla. But if strawberry is available also, I’ll take chocolate.” [In electoral terms, chocolate is a “spoiler” flavor.] R1R2R3R4R5R6 1st pref. V V C C S S 2nd pref. C S V S V C 3rd pref. S C S V C V

  3. Even Stranger Ice Cream Flavor Choice Behavior “Cyclical” Preferences and “Agenda Control” Customer: “Given a choice between vanilla and chocolate, I’ll take vanilla. Given a choice between chocolate and strawberry, I’ll take chocolate. And given a choice between strawberry and vanilla, I’ll take strawberry.” R1R2R3R4R5R6 1st pref. V V C C S S 2nd pref. C S V S V C 3rd pref. S C S V C V Replace ice cream flavors with Bush, Gore, and Nader, etc.

More Related