Measuring indecisiveness

Ramses Abul Naga and Mauro Papi
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Mauro Papi: Business School, University of Aberdeen.

No 2024-04, Working Papers from Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center

Abstract: We examine the problem of ordering decision-makers exhibiting incomplete preferences, by the extent of their decisiveness. We provide an axiomatic derivation of a new decisiveness ordering and two decisiveness metrics, and explore how these relate to one another, and to existing approaches in the literature. Illustrative examples are provided using consumer choice data.

Keywords: Incomplete preferences; measurement of indecisiveness; set of order extensions of an incomplete preference preorder. (search for similar items in EconPapers)
Pages: 39 pages
Date: 2024-07
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Persistent link: https://EconPapers.repec.org/RePEc:mal:wpaper:2024-4

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