Lexicographic criteria for ranking opportunity sets with similarities

Carmen Vázquez

Mathematical Social Sciences, 2022, vol. 117, issue C, 1-5

Abstract: The aim of this paper is to provide two lexicographic-based orderings particularly suitable for ranking very large opportunity sets. We use a similarity relation to slim down very large opportunity sets while preserving the quality and variety of their alternatives. Two different lexicographic criteria, both of which have been characterized and contrasted, are then applied to rank these sets.

Keywords: Decision processes; Similarities between alternatives; Diversity of alternatives; Lexicographic ordering; Ranking opportunity sets (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:117:y:2022:i:c:p:1-5

DOI: 10.1016/j.mathsocsci.2022.02.001

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