Utility independence

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In [[multiattribute utility theory]], an attribute X is utility dependent from all other attributes in the set if changes in the utility levels of the other attributes does not affect the utility of attribute X.
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In [[multiattribute utility theory]], an attribute set X is utility independent from attribute set Y if the utility for the attributes of set X does not change when the attributes in Y are varied.<br />
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Take an example of two attribute sets of color (red/black/green) and style (sports car/SUV).

Revision as of 19:45, 18 July 2007

In multiattribute utility theory, an attribute set X is utility independent from attribute set Y if the utility for the attributes of set X does not change when the attributes in Y are varied.

Take an example of two attribute sets of color (red/black/green) and style (sports car/SUV).

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