- Additive conjoint measurement for multiattribute utility
- Journal of Mathematical Psychology
- Pages (from-to)
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
This paper shows that multiattribute utility can be simplified by methods from additive conjoint measurement. Given additive conjoint measurability under certainty, axiomatizations can be simplified, and implementation and reliability of elicitation can be improved. This also contributes to the discussion of (non-)identity of utility under certainty and under uncertainty. Examples are obtained where two such utilities must be different on normative grounds. In establishing this difference, a classical meaningfulness pitfall is to be avoided. Finally, additive conjoint measurement can be used to refine the measurement of QALYs (quality adjusted life years) in medical decision making; this is demonstrated by an experiment.
- go to publisher's site
If you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library, or send a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible.