A Further Linkage: Multi-Attribute Utility in a Risk Aversion Context

  • Enrique Ballestero
  • Carlos Romero
Chapter

Abstract

Chapter 6 limited the analysis to a bi-attribute utility, disregarding the problem of specifying utility functions. We only bounded the utility optimum between two points related to CP significant parameters on the opportunity set. However, those initial steps led to an appealing result, the approximation of the utility optimum to the compromise solutions usually selected by decision-makers in real life.

Keywords

Utility Function Risk Aversion Ideal Point Multiple Criterion Decision Mental Experiment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1998

Authors and Affiliations

  • Enrique Ballestero
    • 1
  • Carlos Romero
    • 1
  1. 1.Technical University of MadridSpain

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