Comments on: Multicriteria decision systems for financial problems

Well written and organized, the paper by Zopounidis and Doumpos suggests to us the following questions: (a) whether or not the multiple criteria decision aid (MCDA) approaches are realistic and convincing in environments of Simon’s bounded rationality; (b) whether or not the MCDA approaches rely on assumptions which are in accordance to (or at least, are not in contradiction to) principles firmly accepted in traditional financial theory and economics. If questions (a)–(b) have a positive answer, then we can expect that sooner or later, MCDA approaches will be incorporated into the traditional finance textbooks. If questions (a)–(b) have a negative answer, then disagreement and mutual overlooking would be inevitable. Here after, quotation marks without author’s name are sentences from the paper by Zopounidis and Doumpos.