Multiattribute one-switch utility
Publication
, Journal Article
Tsetlin, I; Winkler, RL
Published in: Management Science
March 1, 2012
The one-switch property states that the preference between any two lotteries switches at most once as wealth increases. Working within the expected utility framework, we extend the one-switch notion to the multiattribute case and identify the families of multiattribute utility functions that are one-switch. We then show that all multiattribute one-switch utility functions can be approximated by a sum of two multiattribute exponential utilities (sumex utility). Finally, we discuss how the one-switch property, when appropriate, can simplify the assessment of multiattribute utility. © 2012 INFORMS.
Duke Scholars
Published In
Management Science
DOI
EISSN
1526-5501
ISSN
0025-1909
Publication Date
March 1, 2012
Volume
58
Issue
3
Start / End Page
602 / 605
Related Subject Headings
- Operations Research
- 15 Commerce, Management, Tourism and Services
- 08 Information and Computing Sciences
Citation
APA
Chicago
ICMJE
MLA
NLM
Tsetlin, I., & Winkler, R. L. (2012). Multiattribute one-switch utility. Management Science, 58(3), 602–605. https://doi.org/10.1287/mnsc.1100.1299
Tsetlin, I., and R. L. Winkler. “Multiattribute one-switch utility.” Management Science 58, no. 3 (March 1, 2012): 602–5. https://doi.org/10.1287/mnsc.1100.1299.
Tsetlin I, Winkler RL. Multiattribute one-switch utility. Management Science. 2012 Mar 1;58(3):602–5.
Tsetlin, I., and R. L. Winkler. “Multiattribute one-switch utility.” Management Science, vol. 58, no. 3, Mar. 2012, pp. 602–05. Scopus, doi:10.1287/mnsc.1100.1299.
Tsetlin I, Winkler RL. Multiattribute one-switch utility. Management Science. 2012 Mar 1;58(3):602–605.
Published In
Management Science
DOI
EISSN
1526-5501
ISSN
0025-1909
Publication Date
March 1, 2012
Volume
58
Issue
3
Start / End Page
602 / 605
Related Subject Headings
- Operations Research
- 15 Commerce, Management, Tourism and Services
- 08 Information and Computing Sciences