Accession Number : AD0778324

Title :   Generalized Utility Independence and Some Implications.

Descriptive Note : Technical rept.,

Corporate Author : MASSACHUSETTS INST OF TECH CAMBRIDGE OPERATIONS RESEARCH CENTER

Personal Author(s) : Fishburn,Peter C. ; Keeney,Ralph L.

Report Date : APR 1974

Pagination or Media Count : 25

Abstract : The concept of generalized utility independence is introduced. Subject to various generalized utility independence assumptions, three functional forms for a multiattribute von Neumann-Morgenstern utility function u are derived. These are the additive, the multiplicative, and the quasi-additive form, each of which expresses u as a combination of utility functions defined on the separate attributes. It is demonstrated that if u is unbounded from above and below, then given the three forms, either reversal of preferences over some attributes occurs or the additive form must hold. (Author)

Descriptors :   *Decision making, Functions(Mathematics), Set theory, Theorems

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE