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Ordering Ordinal Probability Distributions

Author

Listed:
  • Yager, Ronald R.

    (Iona College)

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

Suggested Citation

  • Yager, Ronald R., 2001. "Ordering Ordinal Probability Distributions," Fuzzy Economic Review, International Association for Fuzzy-set Management and Economy (SIGEF), vol. 0(1), pages 3-18, May.
    • Handle: RePEc:fzy:fuzeco:v:vi:y:2001:i:1:p:3-18
    as

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    More about this item

    Keywords

    Decision Making; Uncertainty; Ordinal Information; Decision Attitude;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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