Question
A decision maker is facing a decision involving two attributes and will be usingthe following formula to obtain multi-attribute utilities: u(x 1 , x 2
A decision maker is facing a decision involving two attributes and will be usingthe following formula to obtain multi-attribute utilities:u(x1,x2) =k1u(x1) +k2u(x2) +k3u(x1)u(x2)wherex1= the level of attribute 1 andx2= the level of attribute 2. The value of k1can be obtained by identifying when the decision maker will be indifferent between a lottery which will either result in both attributes being at their best values, or both at their worst values and an option where it is certain that:
A)Attribute 1 will be at its worst value and attribute 2 at its best value
B)Both attributes will be at their worst values
C)Attribute 1 will be at its best value and attribute 2 at its worst value
D)Both attributes will be at their best values
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