A Criterion for Comparing Strength of Preference with an Application to Bargaining
Operations Research · 1992 · Volume 40 · Issue 5
Abstract
A criterion called “improving faster than” is proposed and characterized to compare the strength or preference of value functions. The result can be applied in decision models where no risk is involved or, at least, explicitly modeled. A bargaining theory example illustrates the criterion.
Keywords
decision analysis: theory, games/group decisions: bargaining
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