Showing 11 - 20 of 144
A method for consensus measuring in a group decision problem is presented for the multiple criteria case. The decision process is supposed to be carried out according to Saaty's Analytic Hierarchy Process, and hence using pairwise comparison among the alternatives. Using a suitable distance...
Persistent link: https://www.econbiz.de/10008774124
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies … repeated intransitive patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of …
Persistent link: https://www.econbiz.de/10010296263
conditions under which it is possible to detect the presence of a taste for transitivity in the presence of assortative matching …
Persistent link: https://www.econbiz.de/10011594326
Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice and show that the answer is no. If choices are governed by ex ante regret and...
Persistent link: https://www.econbiz.de/10011599439
by the collection. The method of characterization relies upon transitivity of menu preferences, but completeness can be …
Persistent link: https://www.econbiz.de/10011927986
Several models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments … patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of participants. …
Persistent link: https://www.econbiz.de/10010273147
Several experimental studies observed substantial violations of transitivity in decisions between risky lotteries over … generating violations of transitivity. Since we find neither substantial nor systematic deviations from transitive choice …
Persistent link: https://www.econbiz.de/10010278001
provides an analytical framework for making real income comparisons across countries and over time that satisfy transitivity …
Persistent link: https://www.econbiz.de/10009448806
When members of an organization share communication codes, coordination across subunits is easier. But if groups interact separately, they will each develop a specialized code. This paper asks: Can organizations shape how people interact in order to create shared communication codes? What kinds...
Persistent link: https://www.econbiz.de/10013177681
Transitivity is perhaps the most fundamental choice axiom and, therefore, almost all economic models assume that … preferences are transitive. The empirical literature has regularly documented violations of transitivity, but these violations … deterministic part of individuals' preferences. However, what if transitivity violations reflect individuals' nontransitive …
Persistent link: https://www.econbiz.de/10013285526