On Consistency and Incoherence in Analytical Hierarchy Process and Intertemporal Choices models
Chapter
Publication Date:
2019
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.
Iris type:
2.1 Contributo in volume (Capitolo o Saggio)
Keywords:
AHP models; Allowing inconsistency; Coherence; Intertemporal choice models
List of contributors:
Maturo, Fabrizio; Ventre, Viviana; Longo, Angelarosa
Book title:
Models and Theories in Social Systems
Published in: