Do transitive preferences always result in indifferent divisions?
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Publication:296522
DOI10.3390/E17030968zbMATH Open1338.91069arXiv1501.04063OpenAlexW1986738777WikidataQ62582450 ScholiaQ62582450MaRDI QIDQ296522FDOQ296522
Authors: Marcin Makowski, Edward W. Piotrowski, Jan Sładkowski 
Publication date: 15 June 2016
Published in: Entropy (Search for Journal in Brave)
Abstract: The transitivity of preferences is one of the basic assumptions used in the theory of games and decisions. It is often equated with rationality of choice and is considered useful in building rankings. Intransitive preferences are considered paradoxical and undesirable. This problem is discussed by many social and natural sciences. The paper discusses a simple model of sequential game in which two players in each iteration of the game choose one of the two elements. They make their decisions in different contexts defined by the rules of the game. It appears that the optimal strategy of one of the players can only be intransitive! (the so-called extsl{relevant intransitive strategies}.) On the other hand, the optimal strategy for the second player can be either transitive or intransitive. A quantum model of the game using pure one-qubit strategies is considered. In this model, an increase in importance of intransitive strategies is observed -- there is a certain course of the game where intransitive strategies are the only optimal strategies for both players. The study of decision-making models using quantum information theory tools may shed some new light on the understanding of mechanisms that drive the formation of types of preferences.
Full work available at URL: https://arxiv.org/abs/1501.04063
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