A Further Linkage: Multi-Attribute Utility in a Risk Aversion Context
Chapter 6 limited the analysis to a bi-attribute utility, disregarding the problem of specifying utility functions. We only bounded the utility optimum between two points related to CP significant parameters on the opportunity set. However, those initial steps led to an appealing result, the approximation of the utility optimum to the compromise solutions usually selected by decision-makers in real life.
KeywordsUtility Function Risk Aversion Ideal Point Multiple Criterion Decision Mental Experiment
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