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• Chapter | The Mathematics of Preference, Choice and Order | 2009

  Altruistic Utility Functions for Joint Decisions

  David E. Bell and Ralph L. Keeney

  All of us make decisions that are not entirely self-centered; we voluntarily anticipate what we think to be the preferences of others and incorporate them into our decision making. We do this, not because of legal requirements or social norms, but because we are altruistic; we care intrinsically about the welfare of others. In this paper, we illustrate for these types of decisions how confusion may arise because the distinction between our personal (egotistical) preferences and our altruistic concerns is not carefully distinguished. We first define the distinction between personal and altruistic preferences, and then show how to use both of these kinds of preferences in prescriptive decision making methodologies.

  Keywords: Decision Choices and Conditions; Personal Characteristics; Welfare or Wellbeing;

  Citation:

  Bell, David E., and Ralph L. Keeney. "Altruistic Utility Functions for Joint Decisions." In The Mathematics of Preference, Choice and Order, edited by Steven Brams, William V. Gehrlein, and Fred S. Roberts, 27–38. Studies in Choice and Welfare. Springer, 2009.

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• Book | 2008

  Introduction to Statistical Decision Theory

  John W. Pratt, Howard Raiffa and Robert Schlaifer

  Citation:

  Pratt, John W., Howard Raiffa, and Robert Schlaifer. Introduction to Statistical Decision Theory. Paperback ed. MIT Press, 2008.

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• Article | Harvard Business Review | January 2006

  The Hidden Traps in Decision Making

  Howard Raiffa, John S. Hammond, Ralph L. Keeney, Howard Raiffa, John S. Hammond, Ralph L. Keeney, Howard Raiffa, John S. Hammond and Ralph L. Keeney

  Keywords: Decision Making;

  Citation:

  Raiffa, Howard, John S. Hammond, and Ralph L. Keeney. "The Hidden Traps in Decision Making." Harvard Business Review 84, no. 1 (January 2006).

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