Models of rational behavior with linguistic preferences
- Fernández Arufe, Josefa E. (dir.)
- Rojo García, José Luis (dir.)
- Moyano Pesquera, Pedro Benito (coord.)
- Somarriba Arechavala, Noelia (coord.)
Editorial: Asociación Española de Economía Aplicada, ASEPELT
ISBN: 84-96477-93-2
Año de publicación: 2007
Título del volumen: Área VII : Métodos cuantitativos
Volumen: 7
Páginas: 405-429
Congreso: ASEPELT España. Reunión anual (21. 2007. Valladolid)
Tipo: Aportación congreso
Resumen
In classical decision theory there exist a large class of rationality models which try to capture different kinds of behavior when individuals compare by pairs a set of alternatives. All these models assume that decision makers have dichotomous preferences. However, in real decisions individuals feel different degrees of preference. In this paper we have checked the mentioned models in a real case where different kinds of linguistic preferences are allowed. After the empirical analysis, the main conclusion is that the fulfillment of rational conditions decreases when individuals have non-extreme preferences. Based on the obtained empirical evidences, we propose some classes of transitivity conditions in the framework of linguistic preferences