6533b826fe1ef96bd12847dc

RESEARCH PRODUCT

Testing the Form of a Decision-maker's Multiattribute Value Function Based on Pairwise Preference Information

Pekka KorhonenJyrki WalleniusPekka Salminen

subject

MarketingClass (set theory)business.industryStrategy and ManagementDecision theoryManagement Science and Operations ResearchPreferenceManagement Information SystemsTest (assessment)Bellman equationInformation systemProduction (economics)Pairwise comparisonArtificial intelligencebusinessMathematical economicsMathematics

description

In a recent paper we presented a test, based on pairwise preference information, to identify to which class of functions (linear, quasi-concave, or neither) a decision-maker's (implicit) value function belongs. In this note we investigate the power of the test. Some improvements to the test are also suggested.

https://doi.org/10.1057/jors.1989.40