Ordering Ordinal Probability Distributions
Ronald R. Yager. Iona College
- Fuzzy Economic Review: Volume VI, Number 1. May 2001
- DOI: 10.25102/fer.2001.01.01
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