Preferential independence
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| - | In [[multiattribute utility theory]], an attribute is preferentially independent from all other attributes when changes in the rank ordering of preferences of other attributes does not change the preference order of the attribute. | + | In [[multiattribute utility theory]], an attribute is preferentially independent from all other attributes when changes in the rank ordering of preferences of other attributes does not change the preference order of the attribute.<br /> |
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| - | For example, let's say the two attributes for a car are color (red/black) and style (sports/SUV). Suppose | + | For example, let's say the two attributes for a car are color (red/black) and style (sports car/SUV). Suppose the decision maker prefers a red sports car over a black sports car. If the decision maker also prefers a red SUV over a black SUV, then the color is preferentially independent of style: Red is preferred over black, regardless of style.<br /> |
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| + | However, style is not necessarily independent from color. It's possible that the decision maker prefers a red sports car over a red SUV, but prefers a black SUV over a black sports car. In this case, the preference on style is not independent of color. | ||
Revision as of 19:36, 18 July 2007
In multiattribute utility theory, an attribute is preferentially independent from all other attributes when changes in the rank ordering of preferences of other attributes does not change the preference order of the attribute.
For example, let's say the two attributes for a car are color (red/black) and style (sports car/SUV). Suppose the decision maker prefers a red sports car over a black sports car. If the decision maker also prefers a red SUV over a black SUV, then the color is preferentially independent of style: Red is preferred over black, regardless of style.
However, style is not necessarily independent from color. It's possible that the decision maker prefers a red sports car over a red SUV, but prefers a black SUV over a black sports car. In this case, the preference on style is not independent of color.
