Utility and its Measurement

The different methods which have been suggested for measuring unidimensional and multidimensional utility functions in business and related fields are described and discussed. The factors which should influence the measurement method chosen in a given decision-making situation are explicitly conside...

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Main Authors: Hull, J., Moore, P. G., THOMAS, Howard
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1973
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3936
https://www.jstor.org/stable/2345110
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.lkcsb_research-49352016-04-02T07:45:34Z Utility and its Measurement Hull, J. Moore, P. G. THOMAS, Howard The different methods which have been suggested for measuring unidimensional and multidimensional utility functions in business and related fields are described and discussed. The factors which should influence the measurement method chosen in a given decision-making situation are explicitly considered. The concept of group utility and the procedures which exist for formulating a coherent risk policy for a whole organization are described. Several practical applications of utility theory are given and conclusions reached as to those areas where further research is needed. 1973-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/3936 info:doi/10.2307/2345110 https://www.jstor.org/stable/2345110 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business Management Sciences and Quantitative Methods
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Business
Management Sciences and Quantitative Methods
spellingShingle Business
Management Sciences and Quantitative Methods
Hull, J.
Moore, P. G.
THOMAS, Howard
Utility and its Measurement
description The different methods which have been suggested for measuring unidimensional and multidimensional utility functions in business and related fields are described and discussed. The factors which should influence the measurement method chosen in a given decision-making situation are explicitly considered. The concept of group utility and the procedures which exist for formulating a coherent risk policy for a whole organization are described. Several practical applications of utility theory are given and conclusions reached as to those areas where further research is needed.
format text
author Hull, J.
Moore, P. G.
THOMAS, Howard
author_facet Hull, J.
Moore, P. G.
THOMAS, Howard
author_sort Hull, J.
title Utility and its Measurement
title_short Utility and its Measurement
title_full Utility and its Measurement
title_fullStr Utility and its Measurement
title_full_unstemmed Utility and its Measurement
title_sort utility and its measurement
publisher Institutional Knowledge at Singapore Management University
publishDate 1973
url https://ink.library.smu.edu.sg/lkcsb_research/3936
https://www.jstor.org/stable/2345110
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