A note on preference for flexibility. (Q1862735)

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scientific article; zbMATH DE number 1885716
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English
A note on preference for flexibility.
scientific article; zbMATH DE number 1885716

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    A note on preference for flexibility. (English)
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    15 July 2003
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    The referred paper contributes to special decision-making models in which the decisions are accepted in several consequent steps. Namely, the former result for flexibility of preferences is extended from two-period to theree-period decisions, i.e., from the preferences over sets of actual results to the preference over sets of sets of the results. In a wider sense, the results develop the methods of decision-making under uncertainty. The main result shows the effectivity of the suggested three-period decision-making process. A potential possibility to simplify the former results on two-period procedure by means of some ideas of this paper is intuitively suggested, too.
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    sequentional decision-making
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    Decision-making under uncertainty
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