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Attribute Conflict and Preference Uncertainty: The RandMAU Model

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Author Info

  • Gregory W. Fischer

    ()
    (The Fuqua School of Business, Duke University, Durham, North Carolina 27708)

  • Jianmin Jia

    ()
    (Faculty of Business Administration, Chinese University of Hong Kong, Hong Kong)

  • Mary Frances Luce

    ()
    (The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104)

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    Abstract

    This paper extends the behavioral results reported in Fischer et al. (2000) by developing a model addressing preference uncertainty in multiattribute evaluation. The model is motivated by two hypotheses regarding properties of multiattribute profiles that lead to greater preference uncertainty. Our attribute conflict hypothesis predicts that greater within-alternative conflict (discrepancy among the attributes of an alternative) leads to more preference uncertainty. Our attribute extremity hypothesis predicts that greater attribute extremity (very high or low attribute values) leads to less preference uncertainty. To provide a deeper explanation of attribute conflict and extremity effects, we develop RandMAU, a family of additive (RandAUF) and multiplicative (RandMUF) random weights multiattribute utility models. In RandMAU models, preference uncertainty is represented as random variation in both the weighting parameters governing trade-offs among attributes and the curvature parameters governing single-attribute evaluations. Simulation results show that RandMUF successfully predicts both the attribute conflict and attribute extremity effects exhibited by the experimental participants in Fischer et al. (2000). It also predicts an outcome value effect on error whose form depends on the shape of single-attribute functions and on the type of multiattribute combination rule.

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    File URL: http://dx.doi.org/10.1287/mnsc.46.5.669.12051
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 46 (2000)
    Issue (Month): 5 (May)
    Pages: 669-684

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    Handle: RePEc:inm:ormnsc:v:46:y:2000:i:5:p:669-684

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    Related research

    Keywords: attribute conflict; preference uncertainty; random multiattribute utility;

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    Cited by:
    1. Haiyan Xu & Keith Hipel & D. Kilgour & Ye Chen, 2010. "Combining strength and uncertainty for preferences in the graph model for conflict resolution with multiple decision makers," Theory and Decision, Springer, vol. 69(4), pages 497-521, October.
    2. Palmeira, Mauricio M. & Krishnan, H. Shanker, 2008. "Criteria instability and the isolated option effect," Organizational Behavior and Human Decision Processes, Elsevier, vol. 106(2), pages 153-167, July.

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