Optimal and rational choice

Pairwise comparison of mono-interval alternatives with arbitrary risk distributions

G. I. Chepelev

Federal Research Center "Computer Science and Control" of Russian Academy of Sciences, Moscow, Russia

Abstract: A method for comparing mono-interval alternatives is proposed, which makes it possible to compare in pairs the efficiency of alternatives with arbitrary risk distributions on interval estimates of their quality indicators. The application of the method is demonstrated by examples. Recommendations on the practical use of the method are given.

Keywords: comparing mono interval alternatives, indicators of preference and risk, approach of collective risk estimation.

DOI: 10.14357/20718594220404

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