Open AccessLetter to the Editor—A Note on Recent Developments in Additive Utility Theories for Multiple-Factor Situations
Author(s) -
Peter C. Fishburn
Publication year - 1966
Publication title -
operations research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.797
H-Index - 140
eISSN - 1526-5463
pISSN - 0030-364X
DOI - 10.1287/opre.14.6.1143
Subject(s) - axiom , mathematical economics , value (mathematics) , factor (programming language) , additive model , test (biology) , computer science , econometrics , mathematics , machine learning , paleontology , geometry , biology , programming language
Many significant developments in theories of additive values or utilities have come forth in the past few years. This note summarizes these developments for research workers interested in the subjective evaluation of multiple-factor alternatives. In particular, assumptions axioms that permit the use of an additive-value formula are presented. These may enable one to test the warrantability of an additive procedure in specific situations where the theory might be applied.
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