We consider the issue of ranking regions with respect to a range of economic and social variables. Departing from the current practice of aggregating different dimensions via an arithmetic mean, we instead use Stochastic Multiattribute Acceptability Analysis (SMAA). SMAA takes account of the...

We consider the issue of ranking regions with respect to a range of economic and social variables. Departing from the current practice of aggregating different dimensions via an arithmetic mean, we instead use Stochastic Multiattribute Acceptability Analysis (SMAA). SMAA takes account of the...

We consider the issue of ranking regions with respect to a range of economic and social variables. Departing from the current practice of aggregating different dimensions via an arithmetic mean, we instead use Stochastic Multiattribute Acceptability Analysis (SMAA). SMAA takes account of the...

Cumulative Prospect Theory of Tversky and Kahneman (1992) is the modern version of Prospect Theory (Kahneman and Tversky (1979)) and is nowadays considered a valid alternative to the classical Expected Utility Theory. Cumulative Prospect theory implies Gain-Loss Separability, i.e. the separate...

The multidimensional measures of well-being, such as the OECD Better Life Index (BLI), are receiving considerable attention. We introduce a composite index that, departing from the current practice, accounts for societal relative appreciation for the considered dimensions. We apply our...

We propose a multidimensional spatial model to evaluate the well-being using the Better Life Index (BLI) in 36 countries according to a two-steps procedure. First, we position the countries as points in the Euclidean K-dimensional space in which each dimension is a specific aspect of well-being...

We propose a new methodology to employ composite indicators for performance analysis of units of interest using Stochastic Multiattribute Acceptability Analysis. We start evaluating each unit by means of weighted sums of their elementary indicators in the whole set of admissible weights. For...

We propose a new methodology to employ composite indicators for performance analysis of units of interest using and extending the family of Stochastic Multiattribute Acceptability Analysis. We start evaluating each unit by means of weighted sums of their elementary indicators in the whole set of...

We propose a new methodology to employ composite indicators for performance analysis of units of interest using and extending the family of Stochastic Multiattribute Acceptability Analysis. We start evaluating each unit by means of weighted sums of their elementary indicators in the whole set of...

Despite serious threats as to their soundness, the adoption of composite indicators is constantly growing alongside their popularity, especially when it comes to their adoption in policy-making exercises. This study presents a robust non-compensatory approach to construct composite indicators...