Consensus group decision making under model uncertainty with a view towards environmental policy making

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Tác giả: Phoebe Koundouri, Georgios I Papayiannis, Electra V Petracou, Athanasios N Yannacopoulos

Ngôn ngữ: eng

Ký hiệu phân loại: 333.714 Economics of land and energy

Thông tin xuất bản: 2023

Mô tả vật lý:

Bộ sưu tập: Báo, Tạp chí

ID: 198733

Comment: 31 pages, 5 figuresIn this paper we propose a consensus group decision making scheme under model uncertainty consisting of an iterative two-stage procedure and based on the concept of Fr\'echet barycenter. Each step consists of two stages: the agents first update their position in the opinion metric space by a local barycenter characterized by the agents' immediate interactions and then a moderator makes a proposal in terms of a global barycenter, checking for consensus at each step. In cases of large heterogeneous groups the procedure can be complemented by an auxiliary initial homogenization step, consisting of a clustering procedure in opinion space, leading to large homogeneous groups for which the aforementioned procedure will be applied. The scheme is illustrated in examples motivated from environmental economics.
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