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Query: faculty: "FEB" and publication year: "1991"

AuthorP.P. Wakker
TitleAdditive reprensentations of preferences, a new foundation of decision analysis: the algebraic approach
Book/source titleMathematical psychology: current developments
Authors/EditorsJ.P. Doignon, J.C. Falmagne
PublisherSpringer
PlaceBerlin
Year1991
Pages71-87
ISBN3-540-97665-5
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsDecision making; Mathematical methods
AbstractIn Wakker (1989, "Additive Representations of Preferences, A New Foundation of Decision Analysis"), a new foundation of decision analysis was given. The main tool was a way to derive comparisons of "tradeoffs" from ordinal preferences, with comparisons of tradeoffs revealing orderings of utility differences. These comparisons of tradeoffs underly the construction of standard sequences in conjoint measurement theory. The restrictive structural assumption (every approach has its restrictive structural assumption) was of a topological nature, requiring continuity. This paper adapts the main results of Wakker (1989) to the algebraic approach, where a solvability condition is required which is less restrictive than continuity.
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