Multi-attribute utility models as cognitive search engines

In optimal stopping problems, decision makers are assumed to search randomly to learn the utility of alternatives; in contrast, in one-shot multi-attribute utility optimization, decision makers are assumed to have perfect knowledge of utilities. We point out that these two contexts represent the bou...

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Bibliographic Details
Main Authors: Pantelis P. Analytis, Amit Kothiyal, Konstantinos Katsikopoulos
Format: Article
Language:English
Published: Cambridge University Press 2014-09-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/14/14402/jdm14402.pdf