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This paper investigates the effects of intransitive judgments on the consistency of pairwise comparison matrices. Statistical evidence regarding the occurrence of intransitive judgements in pairwise matrices of acceptable consistency is gathered by using a Monte–Carlo simulation, which...
Persistent link: https://www.econbiz.de/10010577543
The eigenvector method (EM) is well-known to derive information from pairwise comparison matrices in decision making …
Persistent link: https://www.econbiz.de/10011052465
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A ranking method assigns to every weighted directed graph a (weak) orderingof the nodes. In this paper we axiomatize … the ranking method that ranksthe nodes according to their outflow using four independent axioms. This outflowranking … method generalizes the ranking by outdegree for directed graphs.Furthermore, we compare our axioms with other axioms …
Persistent link: https://www.econbiz.de/10011255526
A ranking method assigns to every weighted directed graph a (weak) ordering …
Persistent link: https://www.econbiz.de/10005144488
Persistent link: https://www.econbiz.de/10004690472
This paper deals with a basic issue: How does one approach the problem of designing the "right" objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of...
Persistent link: https://www.econbiz.de/10010990603
In many circumstances, evaluations are based on empirical data. However, some observations may be imprecise, meaning that it is not entirely clear what occurred in them. We address the question of how beliefs are formed in these situations. The individual in our model is essentially a...
Persistent link: https://www.econbiz.de/10010990623
ambiguous experience for the subjects. This paper was accepted by Peter Wakker, decision analysis. …
Persistent link: https://www.econbiz.de/10009214191