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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...
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The eigenvector method (EM) is well-known to derive information from pairwise comparison matrices in decision making …
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A ranking method assigns to every weighted directed graph a (weak) ordering …
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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 …
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Objectives have long been considered a basis for sound decision making. This research examines the ability of decision … replicated in a real-world case study of strategic decision making at a high-tech firm. Overall, our research suggests that … decision makers are considerably deficient in utilizing personal knowledge and values to form objectives for the decisions they …
Persistent link: https://www.econbiz.de/10009208862
ambiguous experience for the subjects. This paper was accepted by Peter Wakker, decision analysis. …
Persistent link: https://www.econbiz.de/10009214191
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