Explain in your own words the difference between preferential independence and utility independence.

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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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Question Posted: Dec 22, 2015 02:11 AM

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Explain in your own words the difference between preferential independence and utility independence.

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Consider two attributes A and B Preferential independence means that preferences over sur...View the full answer

Making Hard Decisions with decision tools

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