What if Utility Functions do not Exist?

Item

Title
What if Utility Functions do not Exist?
Creator
Roberts, Fred S.
Date
1970
Identifier
AD0712762
AD0712762
Abstract
The document discusses alternatives to the strict decisionmaking goal of ranking all alternatives or, equivalently, obtaining a utility function. For many military problems, the best information available is the combined judgements of experts. Often, however, the preferences of decisionmakers are too inconsistent or ambiguous to permit a complete ranking of alternatives or a utility function. Optional methods for dealing with such a situation include finding a procedure through which preferences can be modified to obtain a utility function; using the utility assignment that best approximates a utility function; or modifying the demands on utility functions. The study emphasizes the third alternative, and describes it in terms of techniques from the theory of measurement, recently developed by behavioral scientists, that facilitate decisionmaking where no utility functions exist.
Date Issued
1970-09
Extent
35
Corporate Author
RAND Corporation
Corporate Report Number
R-528-ARPA
Contract
DAHC15 67 C 0141
Distribution Conflict
No
Access Rights
THIS DOCUMENT HAS BEEN APPROVED FOR PUBLIC RELEASE AND SALE; ITS DISTRIBUTION IS UNLIMITED.
Photo Quality
Not Needed
Distribution Classification
1
DTIC Record Exists
Yes
Report Availability
Full text available by request
Provenance
Borg-Warner
Type
report
Format
35 pages ; 28 cm.