Empirical polls with hundreds of participants show standard utility models like L1, L2, and Leontief fail to describe most people's preferences in budget aggregation, while star-shaped, multi-dimensional single-peaked, and peak-linear properties receive support along with sign and issue asymmetries.
M., Peters, D., and Wortman Vaughan, J
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What Are People's Actual Utility Functions in Budget Aggregation?
Empirical polls with hundreds of participants show standard utility models like L1, L2, and Leontief fail to describe most people's preferences in budget aggregation, while star-shaped, multi-dimensional single-peaked, and peak-linear properties receive support along with sign and issue asymmetries.