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