A Group Preference Axiomatization with Cardinal Utility

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/488 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/488 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/488 archive 351 disk0/00/00/04/69 2016-01-15 01:42:49 2021-08-27 17:08:10 2016-01-15 01:42:49 monograph show 2 Keeney R.L. AL0832 A Group Preference Axiomatization with Cardinal Utility pub iis_mod iis_met prog_sds 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--rather than 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. 1975-09 published RM-75-047 RM-75-047 10 2020 public research_memorandum IIASA, Laxenburg, Austria 15 FALSE info:eu-repo/semantics/book