eprintid: 14016
rev_number: 5
eprint_status: archive
userid: 5
dir: disk0/00/01/40/16
datestamp: 2016-11-29 13:46:45
lastmod: 2021-08-27 17:41:40
status_changed: 2016-11-29 13:46:45
type: article
metadata_visibility: show
item_issues_count: 1
creators_name: Fishburn, P.C.
creators_name: Keeney, R.L.
creators_id: AL0832
title: Generalized Utility Independence and Some Implications
ispublished: pub
divisions: prog_sds
abstract: 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.
date: 1975-10-01
date_type: published
publisher: INFORMS
id_number: 10.1287/opre.23.5.928
creators_browse_id: 2020
full_text_status: none
publication: Operations Research
volume: 23
number: 5
pagerange: 928-940
refereed: TRUE
issn: 0030-364X
coversheets_dirty: FALSE
fp7_type: info:eu-repo/semantics/article
citation:   Fishburn, P.C. & Keeney, R.L. <https://pure.iiasa.ac.at/view/iiasa/2020.html>  (1975).  Generalized Utility Independence and Some Implications.   Operations Research 23 (5) 928-940. 10.1287/opre.23.5.928 <https://doi.org/10.1287/opre.23.5.928>.