Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-xfwgj Total loading time: 0 Render date: 2024-06-17T18:39:05.309Z Has data issue: false hasContentIssue false

10 - AGGREGATION OF INDIVIDUAL PREFERENCES

Published online by Cambridge University Press:  05 July 2014

Ralph L. Keeney
Affiliation:
University of Southern California
Howard Raiffa
Affiliation:
Harvard University, Massachusetts
Get access

Summary

A decision maker may be concerned about the effects of his or her actions on other individuals. There may be altruistic or malevolent motives involved, but, since we prefer to think positively, we shall concentrate our attention on the prototypical higher-level, benevolent, executive decision maker. Let us refer to this individual decision maker simply as the “Decision Maker”—that person who wishes to incorporate the feelings, values, preferences, and Utilities of others into her own value assessments. She wants to make everyone happy but, alas, tradeoffs will have to be made. These concerns will be the subject matter of this chapter but before we delve into details, let us put this problem into a broader perspective: that of the group decision problem. We must be careful, however, since we believe there is no such thing as the group decision problem. We should talk in the plural about group decision problems.

From a descriptive point of view, as contrasted to a prescriptive point of view, most actions taken by decision makers, both private and public, can only be explained in terms of a panoply of various interacting forces and actions taken by many individuals acting through a mixture of motives. Just imagine how a bill gets through the U.S. Congress. This is truly a group effort.

Type
Chapter
Information
Decisions with Multiple Objectives
Preferences and Value Trade-Offs
, pp. 515 - 548
Publisher: Cambridge University Press
Print publication year: 1993

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×