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.

Language
Englisch

Bibliographic citation
Journal: Games ; ISSN: 2073-4336 ; Volume: 12 ; Year: 2021 ; Issue: 3 ; Pages: 1-9 ; Basel: MDPI

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Subject
bounded rationality
menu-dependent preference
numerical representation
satisficing behavior

Event
Geistige Schöpfung
(who)
Qin, Dan
Event
Veröffentlichung
(who)
MDPI
(where)
Basel
(when)
2021

DOI
doi:10.3390/g12030057
Handle
Last update
24.09.0007, 7:25 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Qin, Dan
  • MDPI

Time of origin

  • 2021

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