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Decisions with Multiple Objectives: Preferences and Value Trade-Offs
Abstract
Many of the complex problems faced by decision makers involve multiple conflicting objectives. This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe his true feelings in order to make those critically important, vexing trade-offs between incommensurable objectives. The theory is illustrated by many real concrete examples taken from a host of disciplinary settings. The standard approach in decision theory or decision analysis specifies a simplified single objective like monetary return to maximise. By generalising from the single objective case to the multiple objective case, this book considerably widens the range of applicability of decision analysis.
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Citations
Cited by
Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty
Loomes, G., & Sugden, R. (1982) · The Economic Journal · doi:10.2307/2232669 · Cited by 4,042
Representativeness revisited: Attribute substitution in intuitive judgment.
Kahneman, D., & Frederick, S. (2002) · Heuristics and Biases · doi:10.1017/cbo9780511808098.004 · Cited by 3,476
Slovic, P., Finucane, M., Peters, E., & MacGregor, D. G. (2002) · Heuristics and Biases · doi:10.1017/cbo9780511808098.025 · Cited by 2,349
Homo Heuristicus: Why Biased Minds Make Better Inferences
Gigerenzer, G., & Brighton, H. (2009) · Topics in Cognitive Science · doi:10.1111/j.1756-8765.2008.01006.x · Cited by 1,801
A Discounting Framework for Choice With Delayed and Probabilistic Rewards.
Green, L., & Myerson, J. (2004) · Psychological Bulletin · doi:10.1037/0033-2909.130.5.769 · Cited by 1,676
Metadata
- Authors
- Keeney, R. L., & Raiffa, H.
- Venue
- Cambridge University Press eBooks
- Publisher
- Cambridge University Press
- Published
- 1993-07-01
- OpenAlex
- W1530041619
- Cited by
- 4,426
- References
- 0
- FWCI
- 37.41
- Type
- book
- Language
- en
- Open access
- closed
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- Keeney, R. L., & Raiffa, H. (1993). Decisions with Multiple Objectives: Preferences and Value Trade-Offs. Cambridge University Press eBooks. https://doi.org/10.1017/cbo9781139174084
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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
