Accession Number : AD0603810
Title : THE DETERMINATION OF MANY-COMMODITY PREFERENCE SCALES BY TWO-COMMODITY COMPARISONS,
Corporate Author : RAND CORP SANTA MONICA CALIF
Personal Author(s) : Arrow,K. J. ; Youngs,J. W. T.
Report Date : 03 AUG 1948
Pagination or Media Count : 23
Abstract : It is the purpose of the paper to show that, under the assumptions usually made in economic literature, the determination of a preference scale relating to many commodities can always be accomplished by means of comparisons involving the variation of only two commodities at a time.
Descriptors : (*DECISION THEORY, COMMERCE), (*ECONOMICS, DECISION MAKING), THEOREMS, CORRELATION TECHNIQUES, SCALE
Distribution Statement : APPROVED FOR PUBLIC RELEASE