In Decision Space: Multidimensional Utility Analysis, Paul Weirich increases the power and versatility of utility analysis and in the process advances decision theory. Combining traditional and novel methods of option evaluation into one systematic method, multidimensional utility analysis is a valuable new tool. The multiple dimensions of this analysis create a decision space broad enough to accommodate all factors affecting an option's utility. The book will be of interest to advanced students and professionals working in the subject of decision theory, as well as to economists and other social scientists.
"Paul Weirich has written an ambitious book that deserves the serious attention of anyone interested in rational choice theory... an important and welcome contribution to the literature..." Ethics
From The Critics
Weirich (philosophy, U. of Missouri-Columbia) presents a framework for option evaluation called multidimensional utility analysis. He contends that this type of analysis, which systematizes traditional and novel methods of option evaluation, improves decision theory by providing new formulations of important decision principles. It also provides in particular for the cases in which an expert must make a decision for a group of people. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Product dimensions: 5.98 (w) x 8.98 (h) x 0.67 (d)
Table of Contents
List of figures; Preface; 1. Objectives and methods; 2. Intrinsic utility analysis; 3. Expected utility analysis; 4. Expected utility's promotion; 5. Two-dimensional utility analysis; 6. Group utility analysis; 7. Application to trustee decisions; 8. Power and versatility; Appendix: consistency of calculations of utilities; References; Index.