A Group Preference Axiomization with Cardinal Utility

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/94 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/94 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/94 archive 351 disk0/00/00/01/20 2016-01-15 01:40:48 2021-08-27 17:07:27 2016-01-15 01:40:48 monograph show 2 Keeney R.L. AL0832 A Group Preference Axiomization with Cardinal Utility pub iis_das iis_met prog_sds The problem addressed is given a group composed of N individuals and given a von Neumann-Morgenstern utility function for each individual in the group, how can these be aggregated to obtain a group von Neumann-Morgenstern utility function. The implications of a set of axioms, analogous to Arrow's, using individual cardinal utilities -- as opposed to Arrow's ordinal rankings -- are investigated. The result is a group cardinal utility function which explicitly requires interpersonal comparison of preference. Suggestions for who should make these comparisons and how they might be done are given. 1974 published WP-74-051 WP-74-051 10 2020 public working_paper IIASA, Laxenburg, Austria 20 FALSE FALSE info:eu-repo/semantics/book