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Communication

A Note on Numerical Representations of Nested System of Strict Partial Orders

by
NUCB Business School, Nagoya University of Commerce and Business, Nagoya 4700193, Japan
Academic Editors: Georgios Gerasimou and Ulrich Berger
Received: 2 May 2021 / Revised: 2 July 2021 / Accepted: 5 July 2021 / Published: 7 July 2021
(This article belongs to the Special Issue Developing and Testing Theories of Decision Making)
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. View Full-Text
Keywords: bounded rationality; satisficing behavior; menu-dependent preference; numerical representation bounded rationality; satisficing behavior; menu-dependent preference; numerical representation
MDPI and ACS Style

Qin, D. A Note on Numerical Representations of Nested System of Strict Partial Orders. Games 2021, 12, 57. https://0-doi-org.brum.beds.ac.uk/10.3390/g12030057

AMA Style

Qin D. A Note on Numerical Representations of Nested System of Strict Partial Orders. Games. 2021; 12(3):57. https://0-doi-org.brum.beds.ac.uk/10.3390/g12030057

Chicago/Turabian Style

Qin, Dan. 2021. "A Note on Numerical Representations of Nested System of Strict Partial Orders" Games 12, no. 3: 57. https://0-doi-org.brum.beds.ac.uk/10.3390/g12030057

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