## A Comparison of Three Methods of Determining a Utility Function for Money |

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### Contents

Some problems encountered in utility functions | 7 |

The experimental setup | 16 |

Methods for determining utility functions | 22 |

8 other sections not shown

### Common terms and phrases

10th to top 20th percentile school Academic rating academic reputation analysis of variance Appendix assessed computed conservative school content validity criteria criterion ranked decision-maker's decision-making models departure from linearity Determination of utility determining utility functions draw the utility end-point problem experiment forced association method function for money game theory graphical method hypothetical schools implies independence problem individual interval scale joint utility value liberal school maximum cost Method I Subject methods of determining mid-west model ratings normally distributed null hypothesis number of schools observed ratings one-way ANOVA Original Correlation Coefficients outcome percentile school top percentile Top population-error variances prefer going preference ratio method rating of school ratio scale rational end-point relative weights school is situated school ranked school top 30th solve the end-point specify Squared Deviations statistical decision theory sub-level ranked Subject i Method Sum of Squared third order three methods top 10th top 20th percentile utility curve utility theory variable