A3 Refereed book chapter or chapter in a compilation book
Reason vs. rationality: From rankings to tournaments in individual choice
Authors: Janusz Kacprzyk, Hannu Nurmi, Slawomir Zadrozny
Editors: N.T. Ngyen, R. Kowalczyk, J. Mercik
Edition: 1
Publication year: 2017
Book title : Transactions in Computational Collective Intelligence XXVII
Series title: Transaction in Computational Collective Intelligence
Number in series: XXVII
Volume: 10480
First page : 28
Last page: 39
ISBN: 978-3-319-70646-7
eISBN: 978-3-319-70647-4
ISSN: 2190-9288
DOI: https://doi.org/10.1007/978-3-319-70647-4
Abstract
The standard assumption in decision theory, microeconomics and social choice is that individuals (consumers, voters) are endowed with preferences that can be expressed as complete and transitive binary relations
over alternatives (bundles of goods, policies, candidates). While this may often be the case, we show by way of toy examples that incomplete and intransitive preference relations are not only conceivable, but
make intuitive sense. We then suggest that fuzzy preference relations and solution concepts based on them are plausible in accommodating those features that give rise to intransitive and incomplete preferences.
Tracing the history of those solutions leads to the works of Zermelo in 1920's.
The standard assumption in decision theory, microeconomics and social choice is that individuals (consumers, voters) are endowed with preferences that can be expressed as complete and transitive binary relations
over alternatives (bundles of goods, policies, candidates). While this may often be the case, we show by way of toy examples that incomplete and intransitive preference relations are not only conceivable, but
make intuitive sense. We then suggest that fuzzy preference relations and solution concepts based on them are plausible in accommodating those features that give rise to intransitive and incomplete preferences.
Tracing the history of those solutions leads to the works of Zermelo in 1920's.
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