The Effect of Attribute Ranges on Weights in Multiattribute Utility Measurements

Rüdiger von Nitzsch · Martin Weber

181 citations0/0 files storedManagement Science

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Multi-Criteria Decision Making Economic and Environmental Valuation

Abstract

Multiattribute utility theory requires a specific relation between the range of outcomes of each attribute and the weight for that attribute. The greater the range, the greater the weight has to be. Experimental results show that subjects do not adjust their judgments properly if the range is varied. For the two methods tested the adjustment is smaller than required by theory. The bias was smaller for a regression procedure than for the direct ratio method. Weights based on an intuitive range were not found to be superior to those elicited over different ranges.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 181 citations exist upstream.

References

1985The Analytic Hierarchy Process 1994Decisions with Multiple Objectives: Preferences and Value Tradeoffs.1986Decision analysis and behavioral research 1977How to Use Multiattribute Utility Measurement for Social Decisionmaking 1982Conservatism in human information processing 1985Ambiguity and uncertainty in probabilistic inference.

Cited by

2001SMAA-2: Stochastic Multicriteria Acceptability Analysis for Group Decision Making 2002Supplier selection problem: a comparison of the total cost of ownership and analytic hierarchy process approaches 2006Vendor selection in outsourcing 2001On the convergence of multiattribute weighting methods 2002Common Mistakes in Making Value Trade-Offs 1996Relationships between Data Envelopment Analysis and Multicriteria Decision Analysis 2007Handbook Of Operations Research In Natural Resources 2001Preference ratios in multiattribute evaluation (PRIME)-elicitation and decision procedures under incomplete information

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.