Sampling for Group Utility

Baecher, G.B. (1975) Sampling for Group Utility. IIASA Research Memorandum. IIASA, Laxenburg, Austria, RM-75-039

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Abstract

A sampling theory approach is developed for estimating group utility functions for inclusion in decision-analytic approaches to public plan evaluation. This approach is based. on Bayesian sampling theory and leads to estimates of group utility accounting for sampling and measurement error. The results of the estimation may be directly incorporated in decision analysis. The strength of this approach is that it leads to more rigorously based estimates of interest group utility functions than commonly used. surrogates, and can be analytically balanced with other forms of preference information such as market data.

Item Type: Monograph (IIASA Research Memorandum)
Research Programs: Human Settlements and Services Area (HSS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:42
Last Modified: 14 Aug 2016 21:30
URI: http://pure.iiasa.ac.at/477

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