Why the lottery method works to produce meaningful weights


Problem

1. Explain in your own words why swing weights produce meaningful weights for evaluating alternatives.

2. A decision maker is assessing weights for two attributes using the swing-weight method. When he imagines swinging the attributes individually from worst to best, he concludes that his improvement in satisfaction from Attribute A is 70% of the improvement from swinging Attribute B. Calculate kA and kB.

3. Explain in your own words why the lottery method works to produce meaningful weights for evaluating alternatives.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why the lottery method works to produce meaningful weights
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