Consensus reaching process for portfolio selection: a behavioral approach

Relationship between an inconsistent degree of financial literacy and inconsistent decision-making in intertemporal choices

“…Data collection, constructing the AHP, interpreting the weights obtained in terms of transition probabilities, and aggregating all possible combinations of the triad (FK, FB, FA) constitute the main steps in analyzing FL coherence. Even though AHP and Markov chains lack a direct relationship, they can be used in a supplementary way to obtain a more accurate description of the decision problem and more precise and effective modelling [ 25 , 26 ].…”