Modeling multicriteria group decision making as games from enhanced pairwise comparisons

Author(s)

Leoneti, Alexandre Bevilacqua ^[1] ; Autran Monteiro Gomes, Luiz Flavio ^[2]

Affiliation

^[1] Univ Sao Paulo, Sch Econ Business Adm & Accounting, Ribeirao Preto - Brazil

^[2] IBMEC Univ Ctr, Business Adm Program, Rio De Janeiro - Brazil

• Document type: Journal article
• Source: OPERATIONS RESEARCH PERSPECTIVES; v. 8, 2021.
• Web of Science Citations: 0

Abstract

This research aimed to replace the pairwise comparison function used in Leoneti {[}2016] with a new function inspired on the exponential model of prospect theory and to perform a comparative analysis to verify the hypothesis that a better performance of the utility function would be possible from the use of a component of judgment better theoretically grounded. A field study consisting of solving three cases in a group was proposed to evaluate the number of matches of the method regarding the decision negotiated by the group, and the number of times that, when there was a match, the group maintained its decision after voting. From an empirical evaluation with a hundred students that participated in the field study, the main hypothesis of this research was confirmed, which is that the use of a pairwise comparison function adhering to a decision and judgment theory increases the predictive capacity of the utility function proposed in Leoneti {[}2016]. (AU)

• FAPESP's process: 16/03722-5 - Structural development for the use of Game Theory in organizational group multicriteria decision making problem solving
• Grantee: Alexandre Bevilacqua Leoneti
• Support Opportunities: Regular Research Grants