A rational choice is based on conditions of coherence, that are universally accepted rules to which a decision-maker must comply in expressing his/her preferences. In this paper, we focus on two different approaches in decision-making processes, i.e. the Analytical Hierarchy Process and Intertemporal Choices models, highlighting the consistency conditions usually adopted. After a general discussion on consistence and incoherence in the framework of these two different approaches, we show that sometimes it is preferable to weaken or reinforce coherence conditions according to the specific context.

On Consistency and Incoherence in Analytical Hierarchy Process and Intertemporal Choices models

Fabrizio Maturo
;
2019-01-01

Abstract

A rational choice is based on conditions of coherence, that are universally accepted rules to which a decision-maker must comply in expressing his/her preferences. In this paper, we focus on two different approaches in decision-making processes, i.e. the Analytical Hierarchy Process and Intertemporal Choices models, highlighting the consistency conditions usually adopted. After a general discussion on consistence and incoherence in the framework of these two different approaches, we show that sometimes it is preferable to weaken or reinforce coherence conditions according to the specific context.
2019
Models and Theories in Social Systems
Cristina Flaut, Šárka Hošková-Mayerová, Daniel Flaut
Inglese
ELETTRONICO
327
342
16
978-3-030-00084-4
Springer
Cham
SVIZZERA
AHP models; Allowing inconsistency; Coherence; Intertemporal choice models
https://doi.org/10.1007/978-3-030-00084-4_18
no
2 Contributo in Volume::2.1 Contributo in volume (Capitolo o Saggio)
3
268
reserved
Maturo, Fabrizio; Ventre, Viviana; Longo, Angelarosa
info:eu-repo/semantics/bookPart
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11564/688515
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