Cumulative dominance and heuristic performance in binary multiattribute choice

Several studies have reported high performance of simple decision heuristics in multi-attribute decision making. In this paper, we focus on situations where attributes are binary and analyze the performance of Deterministic-Elimination-By-Aspects (DEBA) and similar decision heuristics. We consider n...

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Detalles Bibliográficos
Autores: Carrasco, Juan A.|||0000-0001-7757-1651, Baucells, M, Hogarth, R M
Tipo de recurso: artículo
Fecha de publicación:2008
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/19888
Acceso en línea:https://hdl.handle.net/2117/19888
Access Level:acceso abierto
Palabra clave:Decision-making
Decisió multicriteri, Presa de
Àrees temàtiques de la UPC::Economia i organització d'empreses::Gestió i direcció
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repository_id_str
spelling Cumulative dominance and heuristic performance in binary multiattribute choiceCarrasco, Juan A.|||0000-0001-7757-1651Baucells, MHogarth, R MDecision-makingDecisió multicriteri, Presa deÀrees temàtiques de la UPC::Economia i organització d'empreses::Gestió i direccióSeveral studies have reported high performance of simple decision heuristics in multi-attribute decision making. In this paper, we focus on situations where attributes are binary and analyze the performance of Deterministic-Elimination-By-Aspects (DEBA) and similar decision heuristics. We consider non-increasing weights and two probabilistic models for the attribute values: one where attribute values are independent Bernoulli random variables; the other one where they are binary random variables with inter-attribute positive correlations. Using these models, we show that good performance of DEBA is explained by the presence of cumulative as opposed to simple dominance. We therefore introduce the concepts of cumulative dominance compliance and fully cumulative dominance compliance and show that DEBA satisfies those properties. We derive a lower bound with which cumulative dominance compliant heuristics will choose a best alternative and show that, even with many attributes, this is not small. We also derive an upper bound for the expected loss of fully cumulative compliance heuristics and show that this is moderate even when the number of attributes is large. Both bounds are independent of the values of the weights.20082008-09-0120132013-07-10journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/19888reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/198882026-05-27T15:37:01Z
dc.title.none.fl_str_mv Cumulative dominance and heuristic performance in binary multiattribute choice
title Cumulative dominance and heuristic performance in binary multiattribute choice
spellingShingle Cumulative dominance and heuristic performance in binary multiattribute choice
Carrasco, Juan A.|||0000-0001-7757-1651
Decision-making
Decisió multicriteri, Presa de
Àrees temàtiques de la UPC::Economia i organització d'empreses::Gestió i direcció
title_short Cumulative dominance and heuristic performance in binary multiattribute choice
title_full Cumulative dominance and heuristic performance in binary multiattribute choice
title_fullStr Cumulative dominance and heuristic performance in binary multiattribute choice
title_full_unstemmed Cumulative dominance and heuristic performance in binary multiattribute choice
title_sort Cumulative dominance and heuristic performance in binary multiattribute choice
dc.creator.none.fl_str_mv Carrasco, Juan A.|||0000-0001-7757-1651
Baucells, M
Hogarth, R M
author Carrasco, Juan A.|||0000-0001-7757-1651
author_facet Carrasco, Juan A.|||0000-0001-7757-1651
Baucells, M
Hogarth, R M
author_role author
author2 Baucells, M
Hogarth, R M
author2_role author
author
dc.subject.none.fl_str_mv Decision-making
Decisió multicriteri, Presa de
Àrees temàtiques de la UPC::Economia i organització d'empreses::Gestió i direcció
topic Decision-making
Decisió multicriteri, Presa de
Àrees temàtiques de la UPC::Economia i organització d'empreses::Gestió i direcció
description Several studies have reported high performance of simple decision heuristics in multi-attribute decision making. In this paper, we focus on situations where attributes are binary and analyze the performance of Deterministic-Elimination-By-Aspects (DEBA) and similar decision heuristics. We consider non-increasing weights and two probabilistic models for the attribute values: one where attribute values are independent Bernoulli random variables; the other one where they are binary random variables with inter-attribute positive correlations. Using these models, we show that good performance of DEBA is explained by the presence of cumulative as opposed to simple dominance. We therefore introduce the concepts of cumulative dominance compliance and fully cumulative dominance compliance and show that DEBA satisfies those properties. We derive a lower bound with which cumulative dominance compliant heuristics will choose a best alternative and show that, even with many attributes, this is not small. We also derive an upper bound for the expected loss of fully cumulative compliance heuristics and show that this is moderate even when the number of attributes is large. Both bounds are independent of the values of the weights.
publishDate 2008
dc.date.none.fl_str_mv 2008
2008-09-01
2013
2013-07-10
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/19888
url https://hdl.handle.net/2117/19888
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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