Eliciting Preferences on Multiattribute Societies with a Choquet Integral
AbstractThis paper aims at reexamining the construction of indicators of standards of living, by focussing on the challenges raised by the subjectivity and the multidimensionality of living conditions. For that purpose, we propose to apply Choquet integral-based multiattribute value theory to the elicitation, from rankings of multiattribute hypothetical societies, of individual's preferences on different dimensions of living conditions. A simple application of the proposed approach highlights the existence of complementarities and redundancies between different dimensions of standards of living, and reveals a strong heterogeneity of individual preferences on hypothetical societies. We explore also how elicited preferences can be used to cast a new light on the ranking of actual multiattribute societies.
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Bibliographic InfoArticle provided by Society for Computational Economics in its journal Computational Economics.
Volume (Year): 37 (2011)
Issue (Month): 2 (February)
Standards of living; Indicators; Measurement; Multiattribute value theory; Choquet integral; C44; D69; I31;
Other versions of this item:
- Patrick MEYER & Grégory Ponthière, 2008. "Eliciting preferences on multiattribute societies with a Choquet integral," PSE Working Papers halshs-00586244, HAL.
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- D69 - Microeconomics - - Welfare Economics - - - Other
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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