A Boundedly Rational Decision-Making Model Based on Weakly Consistent Preference Relations

Completeness is one of the basic assumptions about the rational preference relation in classical decision theory. Strongly and weakly consistent preferences are presented by abandoning the completeness of the rational preference relation. Some expansion and contraction conditions are proposed and th...

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Bibliographic Details
Main Authors: Xinlin Wu, Haiyan Xiao
Format: Article
Language:English
Published: MDPI AG 2022-04-01
Series:Symmetry
Subjects:
Online Access:https://www.mdpi.com/2073-8994/14/5/918