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dc.contributor.authorCarrasco, Juan A.
dc.contributor.authorBaucells, M
dc.contributor.authorHogarth, R M
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament d'Enginyeria Electrònica
dc.date.accessioned2014-12-03T10:18:01Z
dc.date.available2014-12-03T10:18:01Z
dc.date.created2005-09-01
dc.date.issued2005-09-01
dc.identifier.citationCarrasco, J.; Baucells, M.; Hogarth, R. M. "Cumulative dominance and heuristic performance in binary multi-attribute choice". 2005.
dc.identifier.urihttp://hdl.handle.net/2117/24906
dc.descriptionWorking paper 895, Department of Economics and Business, Universitat Pompeu Fabra
dc.description.abstractSeveral 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 randomvariables; 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.
dc.format.extent32 p.
dc.language.isoeng
dc.subjectÀrees temàtiques de la UPC::Matemàtiques i estadística::Investigació operativa
dc.subject.lcshMultiple criteria decision making
dc.subject.otherMulti-attribute decision making. Binary attributes. DEBA. Cumulative dominance. Performance bounds.
dc.titleCumulative dominance and heuristic performance in binary multi-attribute choice
dc.typeExternal research report
dc.subject.lemacDecisió multicriteri, Presa de
dc.contributor.groupUniversitat Politècnica de Catalunya. QINE - Disseny de Baix Consum, Test, Verificació i Circuits Integrats de Seguretat
dc.relation.publisherversionhttp://www.econ.upf.edu/en/research/onepaper.php?id=895
dc.rights.accessOpen Access
local.identifier.drac15291404
dc.description.versionPostprint (author’s final draft)
local.citation.authorCarrasco, J.; Baucells, M.; Hogarth, R. M.
local.citation.publicationNameCumulative dominance and heuristic performance in binary multi-attribute choice


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