Freedom of choice and expected compromise
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This article develops a new measure of freedom of choice based on the proposal that a set offers more freedom of choice than another if, and only if, the expected degree of dissimilarity between a random alternative from the set of possible alternatives and the most similar offered alternative in the set is smaller. Furthermore, a version of this measure is developed, which is able to take into account the values of the possible options.
KeywordsAttribute Weight Cardinality Measure Localize Independence Strict Monotonicity Dissimilarity Function
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