Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/257539 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Games [ISSN:] 2073-4336 [Volume:] 12 [Issue:] 3 [Article No.:] 57 [Publisher:] MDPI [Place:] Basel [Year:] 2021 [Pages:] 1-9
Publisher: 
MDPI, Basel
Abstract: 
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.
Subjects: 
bounded rationality
menu-dependent preference
numerical representation
satisficing behavior
JEL: 
D01
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
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