There are numerous situations in management and elsewhere in which an individual decision maker chooses subsets of multiattributed items. The specification of a measure of goodness for selecting subsets may differ from one situation to the next. In this paper, a model is developed for evaluating...

This paper is a comprehensive study of methods for assessing unidimensional expected utility functions. The paper describes the utility assessment process in decision analysis and then reviews problem formulation, sources of bias in preference judgments, and the analysis of risk attitudes. Two...

List of typographical errors that appeared in my paper "A Survey of Multiattribute Utility Theory and Applications" in M. K. Starr and M. Zeleny (eds.), Multiple Criteria Decision Making, TIMS Studies in the Management Sciences, vol. 6, North-Holland, Amsterdam, 1977, pp. 59-89.

A phantom alternative is an illusory choice option---it looks real but for some reason is unavailable at the time a decision is made. Phantoms can both help and hinder successful decision making. On the one hand, phantoms can provide useful information on the boundaries of a decision problem and...