Refer to Problem 16.17. For some of the attributes in your computer decision, you face uncertainty. The

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Refer to Problem 16.17. For some of the attributes in your computer decision, you face uncertainty. The additive utility function assessed in Problem 16.17 essentially assumes that additive independence among attributes is reasonable.
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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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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