Elicitation of multiattribute value functions through high dimensional model representations: Monotonicity and interactions

Elicitation of multiattribute value functions through high dimensional model representations: Monotonicity and interactions

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Article ID: iaor201527307
Volume: 246
Issue: 2
Start Page Number: 517
End Page Number: 527
Publication Date: Oct 2015
Journal: European Journal of Operational Research
Authors: , , , ,
Keywords: decision theory: multiple criteria, heuristics
Abstract:

This work addresses the early phases of the elicitation of multiattribute value functions proposing a practical method for assessing interactions and monotonicity. We exploit the link between multiattribute value functions and the theory of high dimensional model representations. The resulting elicitation method does not state any a‐priori assumption on an individual’s preference structure. We test the approach via an experiment in a riskless context in which subjects are asked to evaluate mobile phone packages that differ on three attributes.

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