All probabilities are equal, but some probabilities are more equal than others

Christina Letsou, Shlomo Naeh, Uzi Segal

Research output: Contribution to journalArticlepeer-review

Abstract

There are several procedures for selecting people at random. Modern and ancient stories as well as some experiments suggest that individuals may not view all such lotteries as “fair.” In this paper, we compare alternative procedures and show conditions under which some procedures are preferred to others. These procedures give all individuals an equal chance of being selected, but have different structures. We analyze these procedures as multi-stage lotteries. In line with previous literature, our analysis is based on the observation that multi-stage lotteries are not considered indifferent to their probabilistic one-stage representations.

Original languageEnglish
Pages (from-to)423-445
Number of pages23
JournalEconomic Theory
Volume74
Issue number2
DOIs
StatePublished - Sep 2022
Externally publishedYes

Keywords

  • Fair lotteries
  • PORU
  • Reduction axiom
  • Two-stage lotteries

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