RT Journal Article
SR 00
ID 10.1287/opre.23.5.928
A1 Fishburn, P.C.
A1 Keeney, R.L.
T1 Generalized Utility Independence and Some Implications
JF Operations Research
YR 1975
FD 1975-10-01
VO 23
IS 5
SP 928
OP 940
AB This paper introduces the concept of generalized utility independence. Subject to various generalized utility independence assumptions, we derive three functional forms for a multiattribute von Neumann-Morgenstern utility function u. These are the additive, the multiplicative, and the quasi-additive forms, each of which expresses u as a combination of utility functions defined on the separate attributes. It is demonstrated that if u is unbounded from above and below, then given the three forms, either reversal of preferences over some attributes occurs or else the additive form must hold.
PB INFORMS
SN 0030-364X
LK https://pure.iiasa.ac.at/id/eprint/14016/