Decision space : multidimensional utility analysis / Paul Weirich.

Format:

Book

Author/Creator:

Weirich, Paul, 1946- author.

Series:

Cambridge studies in probability, induction, and decision theory.

Cambridge studies in probability, induction and decision theory

Language:

English

Subjects (All):

Decision making.

Utility theory.

Physical Description:

1 online resource (xiv, 272 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2001.

Summary:

In Decision Space: Multidimensional Utility Analysis, first published in 2001, Paul Weirich increases the power and versatility of utility analysis and in the process advances decision theory. Combining traditional and novel methods of option evaluation into one systematic method of analysis, multidimensional utility analysis is a valuable tool. It provides formulations of important decision principles, such as the principle to maximize expected utility; enriches decision theory in solving recalcitrant decision problems; and provides in particular for the cases in which an expert must make a decision for a group of people. The multiple dimensions of this analysis create a decision space broad enough to accommodate all factors affecting an option's utility. The book will be of interest to advanced students and professionals working in the subject of decision theory, as well as to economists and other social scientists.

Contents:

1. Objectives and Methods

2. Intrinsic Utility Analysis

3. Expected Utility Analysis

4. Expected Utility's Promotion

5. Two-Dimensional Utility Analysis

6. Group Utility Analysis

7. Application to Trustee Decisions

8. Power and Versatility

App. Consistency of Calculations of Utilities.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references (p. 260-267) and index.

ISBN:

1-107-12236-8

0-521-03803-0

1-280-43018-4

0-511-04738-X

9786610430185

0-511-17522-1

0-511-15542-5

0-511-30250-9

0-511-49860-8

OCLC:

171135170