Baywood Publishing Company
0047-2433
1541-3802
Journal of Environmental Systems
BWES
300323
http://baywood.metapress.com/link.asp?target=journal&id=300323
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4
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000005000419750101
Number 4 / 1975
R15HCWK6W64V
http://baywood.metapress.com/link.asp?target=issue&id=R15HCWK6W64V
10.2190/KRKE-HN4M-GEG3-TTJH
KRKEHN4MGEG3TTJH
5
Sampling For Group Utility
299
314
20020509
20020509
20020509
20020509
KRKEHN4MGEG3TTJH.pdf
http://baywood.metapress.com/link.asp?target=contribution&id=KRKEHN4MGEG3TTJH
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Gregory
B.
Baecher
Department of Civil Engineering, Massachusetts Institute of Technology, Cambridge, Massachusetts
A sampling theory approach is developed for estimating group utility functions for inclusion in decision-analytic approaches to public plan evaluation. This approach is based on Bayesian sampling theory and leads to estimates of group utility accounting for sampling and measurement error. The results of the estimation may be directly incorporated in decision analysis. The strength of this approach is that it leads to more rigorously based estimates of interest group utility functions than commonly used surrogates, and can be analytically balanced with other forms of preference information such as market data.
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