Ordinal One-Switch Utility Functions
Ali E. Abbas () and
David E. Bell ()
Additional contact information
Ali E. Abbas: University of Southern California, Los Angeles, California 90089
David E. Bell: Harvard Business School, Boston, Massachusetts 02163
Operations Research, 2015, vol. 63, issue 6, 1411-1419
We study the problem of finding ordinal utility functions to rank the outcomes of a decision when preference independence between the attributes is not present. We propose that the next level of complexity is to assume that preferences over one attribute can switch at most once as another attribute varies from low to high. We refer to this property as ordinal one-switch independence. We present both necessary and sufficient conditions for this ordinal property to hold and provide families of functions that satisfy this new property.
Keywords: utility theory; dependence (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:63:y:2015:i:6:p:1411-1419
Access Statistics for this article
More articles in Operations Research from INFORMS Contact information at EDIRC.
Series data maintained by Mirko Janc ().