Journal
ROCKY ROAD TO PUBLISHING IN THE MANAGEMENT AND DECISION SCIENCES AND BEYOND: EXPERIENCING THE JOURNEY AND LESSONS LEARNED
Volume -, Issue -, Pages 183-190Publisher
SPRINGER-VERLAG BERLIN
DOI: 10.1016/j.ejor.2011.12.040
Keywords
Linear value function; Inconsistency; Multiple criteria; Weights; Binary choices
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We investigate in a simple bi-criteria experimental study, whether subjects are consistent with a linear value function while making binary choices. Many inconsistencies appeared in our experiment. However, the impact of inconsistencies on the linearity vs. non-linearity of the value function was minor. Moreover, a linear value function seems to predict choices for bi-criteria problems quite well. This ability to predict is independent of whether the value function is diagnosed linear or not. Inconsistencies in responses did not necessarily change the original diagnosis of the form of the value function. Our findings have implications for the design and development of decision support tools for Multiple Criteria Decision Making problems. (C) 2014 Elsevier B.V. All rights reserved.
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