Artikel
A note on numerical representations of nested system of strict partial orders
This note provides two numerical representations of a nested system of strict partial orders. The first representation is based on utility and threshold functions. We generalize the threshold representation of menu-dependent preferences by allowing the threshold to depend not only on the menu but also on the pair of alternatives under comparison. The threshold function can be interpreted as the distance between alternatives. The second representation is based on the aggregation of multi-dimensional preference. This representation describes a decision-making procedure where multiple criteria are gradually aggregated into an overall assessment.
- Sprache
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Englisch
- Erschienen in
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Journal: Games ; ISSN: 2073-4336 ; Volume: 12 ; Year: 2021 ; Issue: 3 ; Pages: 1-9 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Microeconomic Behavior: Underlying Principles
- Thema
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bounded rationality
menu-dependent preference
numerical representation
satisficing behavior
- Ereignis
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Geistige Schöpfung
- (wer)
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Qin, Dan
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
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2021
- DOI
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doi:10.3390/g12030057
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Qin, Dan
- MDPI
Entstanden
- 2021