ORDERING ORDINAL PROBABILITY DISTRIBUTIONS

Ronald R. Yager
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Ronald R. Yager: Iona College

Fuzzy Economic Review, 2001, vol. VI, issue 1, 3-18

Abstract: We consider the problem of ordering probability distributions which take the values in a set having only an ordering. Using the cumulative distribution function we are able to introduce some fundamental proper-ties required of such procedures. We then consider ordering procedures that are based on the mapping of a probability distribution into a single value. Finally we consider an ordering procedure that involves a pairwise comparison of the probability distributions

Keywords: Decision Making; Uncertainty; Ordinal Information; Decision Attitude (search for similar items in EconPapers)
JEL-codes: D80 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fzy:fuzeco:v:vi:y:2001:i:1:p:3-18

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