PDF-1IntroductionOneofthelong-lastingpuzzlesofrationalchoicetheoryistheso-

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1AnextensiveliteraturehasevolvedfromtheseminalinsightbyDowns1957LaterpapersproposeagametheoreticalapproachPalfreyandRosenthal19831985toendogeneizethepivotalprobabilityoftheinitialdecisiontheor

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