Utility Independence and Preferences for Multiattributed Consequences

Journal Article

This paper introduces and defines the concept of utility independence, and derives general expressions for simplifying the assessment of multiattribute utility functions, given that certain utility independence assumptions hold. These results are more general than the commonly used additive utility function, which is shown to be a special case. Finally, the paper discusses the relevance of this work as an approximation technique when requisite assumptions are not satisfied.

Full Text

Duke Authors

Cited Authors

  • Keeney, RL

Published Date

  • August 1, 1971

Published In

Volume / Issue

  • 19 / 4

Start / End Page

  • 875 - 893

Published By

Electronic International Standard Serial Number (EISSN)

  • 1526-5463

International Standard Serial Number (ISSN)

  • 0030-364X

Digital Object Identifier (DOI)

  • 10.1287/opre.19.4.875

Language

  • en