Conflict Resolution. Risk-As-Feelings Hypothesis

Lavoslav Caklovic ()

Labsi Experimental Economics Laboratory University of Siena from University of Siena

Abstract: Mathematical model of a goal-oriented thinking with feedback is described. Basic notions: decision graph, feed-back hierarchy and self-duality are introduced and explained. A source of the conflict in our approach is the ignorance about the importance of decision maker's goals. In contrast to Shar, Simonson & Tversky [4] and Deutsch [2] conflict resolution is modeled as a problem of finding a fixed point of a self-assessment operator, i.e. without adding or removing any decision element from decision hierarchy.

Keywords: multi-criteria decision making; duality; self-ranking; preference graph; potential method; risk-as-feeling model. (search for similar items in EconPapers)
JEL-codes: D8 D9 (search for similar items in EconPapers)
Date: 2011-01
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Persistent link: https://EconPapers.repec.org/RePEc:usi:labsit:035

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