Priority theory and utility theory |
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| Institution: | Joseph M. Katz Graduate School of Business, University of Pittsburgh, Pittsburgh, PA 15260, U.S.A. |
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| Abstract: | The first axiom of the Analytic Hierarchy Process (AHP) states that the pairwise comparison judgements are reciprocal. Here we explore the relationships between the reciprocal property and preference relations with and without the axiom of transitivity and point out some important distinctions between utility theory and the AHP. |
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