Abstract
There is a wide interest in the use of judgement models for real life decision making. However recent research in the psychology of decision making has pointed to serious shortcomings which are often not recognized by the practitioner and are also neglected by the analyst. We shall examine some conceptual inferences by looking at different versions of calculating preferences and discuss their usefulness for real life applications.
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© 1987 Springer-Verlag Berlin Heidelberg
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Islei, G. (1987). An Approach to Measuring Consistency of Preference Vector Derivations Using Least Square Distance. In: Jahn, J., Krabs, W. (eds) Recent Advances and Historical Development of Vector Optimization. Lecture Notes in Economics and Mathematical Systems, vol 294. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46618-2_19
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DOI: https://doi.org/10.1007/978-3-642-46618-2_19
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-18215-3
Online ISBN: 978-3-642-46618-2
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