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Choices not consistent with those expected by the rational actor paradigm (named…
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II. Reasons Underlying “Irrational Arbitrations”
“It is commonly affirmed among arbitrators that some arbitrations should never have started. This occurs when an arbitration is initiated for emotional, irrational reasons or, in any case, regardless of an objective assessment of the validity of its reasons. In these cases, it is legitimate to ask why the…
