A note on preference for flexibility.
type: Item
instance of: scholarly article
title: A note on preference for flexibility.
zbMATH Open document ID: 1054.91020
author: Salvatore Modica
published in: Decisions in Economics and Finance
publication date: 2003-07-15T00:00:00Z
review text: 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.
reviewed by: Milan Mareš
Mathematics Subject Classification ID: 91B06
zbMATH DE Number: 1885716
zbMATH Keywords: sequentional decision-making
zbMATH Keywords: Decision-making under uncertainty
MaRDI profile type: Publication
full work available at URL: s102030200003
OpenAlex ID: W2029716859
DOI: 10.1007/S102030200003
description: scientific article; zbMATH DE number 1885716