Refer to Problem 16.17. For some of the attributes in your computer decision, you face uncertainty. The
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a. Check some of your attributes with formal assessments for additive independence. Follow the example in the text in setting up the two lotteries. (One lottery is a 50 – 50 gamble between best and worst on both attributes. The other is a 50 – 50 gamble between (i) best on X, worst on Y; and (ii) worst on X, best on Y.)
b. How could you extend this kind of assessment for additive independence to more than two attributes?
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Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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