Decision Analysis Incorporating Preferences of Groups

Abstract

Individuals or small groups often make decisions which affect the interests of other people. The decision makers may wish to incorporate the preferences of these people into their analysis of alternative courses of action. A normative methodology for doing this, using results from decision theory, is developed in the report. The theoretical development divides into three parts. First, methods are developed for combining the preferences of various individuals into a single description of the preferences of the entire group. Second, new methods are developed for assessing the preferences of the different individuals. Finally, a Bayesian approach is given for incorporating into the analysis the decision makers' uncertainty about the preferences of the individuals of interest. The methodology is applied to three 'real-world' situations.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1972
Accession Number
AD0756190

Entities

People

  • Craig W. Kirkwood

Organizations

  • Massachusetts Institute of Technology

Tags

Communities of Interest

  • C4I

DTIC Thesaurus Topics

  • Bayesian Networks
  • Computational Science
  • Construction
  • Decision Theory
  • Governments
  • Local Governments
  • Money
  • Operations Research
  • Probabilistic Models
  • Probability
  • Probability Distributions
  • Reasoning
  • Sampling
  • Social Sciences
  • Social Welfare
  • Symmetry
  • Theorems

Readers

  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.

Technology Areas

  • AI & ML