Example (continued)
Next find x3 such that the change in the strength of your preference when the “working hours” attribute decrease
- from 55 to 50 hours and
- from 50 to x3 hours
are equal. Let‘s select x3 = 43.
Find x4 such that decreases
- from 55 to 50 hours and
- from 43 to x4 hours
are equal. Let‘s select x4 = 35.
The whole range of the ”weekly working hours” measure scale is covered and a linear approximation of the value function can be drawn. On the next slide, the corresponding value function is shown.
Value measurement techniques: Difference standard sequence