Do Transitive Preferences Always Result in Indifferent Divisions?

The transitivity of preferences is one of the basic assumptions used in the theory of games and decisions. It is often equated with the rationality of choice and is considered useful in building rankings. Intransitive preferences are considered paradoxical and undesirable. This problem is discussed...

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Bibliographic Details
Main Authors: Marcin Makowski, Edward W. Piotrowski, Jan Sładkowski
Format: Article
Language:English
Published: MDPI AG 2015-03-01
Series:Entropy
Subjects:
Online Access:http://www.mdpi.com/1099-4300/17/3/968