Order relations among efficient decision rules
- Jacob Paroush
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The paper introduces the concept of polar decision rules and establishes that majority rules are polar rules. We identify second best rules and penultimate rules in cases that majority rules are optimal or the most inferior, respectively. We especially specify the almost expert rule and the almost majority rule as the secondary rules of the expert and majority rules, respectively.
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- Order relations among efficient decision rules
Theory and Decision
Volume 43, Issue 3 , pp 209-218
- Cover Date
- Print ISSN
- Online ISSN
- Kluwer Academic Publishers
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- Order relations
- decision rules
- polar rules
- Industry Sectors
- Jacob Paroush (1)
- Author Affiliations
- 1. Department of Economics, Bar-Ilan University, 52900, Ramat-Gan, Israel