In response to my post last week about Kenneth Arrow’s impossibility theorem (See my post of Sept. 5, 2011: no fair way to decide by voting.), my friend Michael Mills, head of the legal software firm Neota Logic, offered some additional comments.
“True, there is no approach to decision-making that assures fairness. But the analytic hierarchy process (AHP) is a much-tested and analyzed process for making better (though not necessarily best) decisions. Wikipedia has a quite good article. And these companies have built AHP into easy-to-use software.” Thank you, Mike.