Scholars@Duke publication: GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY.

GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY.

Publication , Journal Article

Keeney, RL

Published in: Management Science

1976

Given a group composed of N individuals and given that each has rated all of the alternatives using a cardinal utility function, the problem is to aggregate these to obtain a group cardinal utility function for evaluating each alternative. The cardinal utilities indicate the strength of preference of one alternative relative to others as well as order the alternatives. Five assumptions, which seem reasonable for the aggregation, are postulated, and it is shown the group cardinal utility function which is implied must be a linear combination of the individual cardinal utility functions. For assessing such a function, interpersonal comparisons of preference are required. Suggestions for who should make these comparisons and how they might be done are given.

Duke Scholars

Author Ralph L. Keeney Fuqua School of Business

Published In

Management Science

Publication Date

1976

Volume

Issue

Start / End Page

140 / 145

Related Subject Headings

Operations Research
15 Commerce, Management, Tourism and Services
08 Information and Computing Sciences

Citation

APA

Chicago

ICMJE

MLA

NLM

Keeney, R. L. (1976). GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY. Management Science, 23(2), 140–145.

Keeney, R. L. “GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY.” Management Science 23, no. 2 (1976): 140–45.

Keeney RL. GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY. Management Science. 1976;23(2):140–5.

Keeney, R. L. “GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY.” Management Science, vol. 23, no. 2, 1976, pp. 140–45.

Keeney RL. GROUP PREFERENCE AXIOMATIZATION WITH CARDINAL UTILITY. Management Science. 1976;23(2):140–145.