Can we reach Pareto optimal outcomes using bottom-up approaches?

07/03/2016
by   Victor Sanchez-Anguix, et al.
0

Traditionally, researchers in decision making have focused on attempting to reach Pareto Optimality using horizontal approaches, where optimality is calculated taking into account every participant at the same time. Sometimes, this may prove to be a difficult task (e.g., conflict, mistrust, no information sharing, etc.). In this paper, we explore the possibility of achieving Pareto Optimal outcomes in a group by using a bottom-up approach: discovering Pareto optimal outcomes by interacting in subgroups. We analytically show that Pareto optimal outcomes in a subgroup are also Pareto optimal in a supergroup of those agents in the case of strict, transitive, and complete preferences. Then, we empirically analyze the prospective usability and practicality of bottom-up approaches in a variety of decision making domains.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
02/14/2020

An Optimal Procedure to Check Pareto-Optimality in House Markets with Single-Peaked Preferences

Recently, the problem of allocating one resource per agent with initial ...
research
07/09/2021

A Network Approach to Public Goods: A Short Summary

Suppose agents can exert costly effort that creates nonrival, heterogene...
research
01/26/2021

Liberalism, rationality, and Pareto optimality

Rational players in game theory are neoliberal in the sense that they ca...
research
09/15/2014

Crowdsourcing Pareto-Optimal Object Finding by Pairwise Comparisons

This is the first study on crowdsourcing Pareto-optimal object finding, ...
research
03/18/2018

Computing and Testing Pareto Optimal Committees

Selecting a set of alternatives based on the preferences of agents is an...
research
10/19/2021

Learning Pareto-Efficient Decisions with Confidence

The paper considers the problem of multi-objective decision support when...
research
11/21/2021

Consequences of Optimality

Rationality is often related to optimal decision making. Humans are know...

Please sign up or login with your details

Forgot password? Click here to reset