What is binary option robot49 comments
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For any theory of pairwise preference (that does not predict indifference among any of the stimuli under consideration), whether it involves highly specified numerical functional forms like. For example, the permissible preference states may be specified through a list of general axioms (rules defining the mathematical representation of preferences). We have discussed aggregation- and distance-based specifications of algebraic theories that encapsulate the notion that the decision maker has a fixed binary preference and makes occasional erroneous choices, with error rates being constrained in a variety of ways.
This type of model makes it possible to develop probabilistic specifications of theories that are numerical or nonnumerical, that allow a single preference pattern or multiple preference patterns.