TY - JOUR
T1 - How to add apples and oranges
T2 - Aggregating performances of different nature
AU - Cho, Wonki Jo
N1 - Funding Information:
I thank an Associate Editor and two anonymous referees for many helpful comments and suggestions. I also benefited from discussions with Debasis Mishra, Hervé Moulin, and William Thomson. This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea ( NRF-2020S1A5A8042266 ) and by Korea University ( K2009771 , K2007701 ).
Publisher Copyright:
© 2021 Elsevier Inc.
PY - 2022/1
Y1 - 2022/1
N2 - We study a model where evaluation consists of multiple components of different nature and (cardinal) performances in all components are aggregated into a summary index between 0 and 1. We propose what we call the normalizer-based aggregation rules and characterize them by individual separability, monotonicity, anonymity, and component independence. Each member in this family is distinguished by three parameters: (i) a profile of weights that determines the relative importance of each component; (ii) a profile of “individual normalizers” that converts an agent's performance in each component into a raw score (for that component) in the normalized scale of [0,1]; and (iii) a profile of “group normalizers” that adjusts a raw score for each component relative to all agents' performances. Given these parameters, the overall evaluation, or score, of an agent is obtained as a weighted average of his adjusted scores for all components produced by individual and group normalizers.
AB - We study a model where evaluation consists of multiple components of different nature and (cardinal) performances in all components are aggregated into a summary index between 0 and 1. We propose what we call the normalizer-based aggregation rules and characterize them by individual separability, monotonicity, anonymity, and component independence. Each member in this family is distinguished by three parameters: (i) a profile of weights that determines the relative importance of each component; (ii) a profile of “individual normalizers” that converts an agent's performance in each component into a raw score (for that component) in the normalized scale of [0,1]; and (iii) a profile of “group normalizers” that adjusts a raw score for each component relative to all agents' performances. Given these parameters, the overall evaluation, or score, of an agent is obtained as a weighted average of his adjusted scores for all components produced by individual and group normalizers.
KW - Anonymity
KW - Component independence
KW - Individual separability
KW - Monotonicity
KW - Normalizer-based rules
KW - Performance aggregation
UR - http://www.scopus.com/inward/record.url?scp=85120613042&partnerID=8YFLogxK
U2 - 10.1016/j.geb.2021.11.005
DO - 10.1016/j.geb.2021.11.005
M3 - Article
AN - SCOPUS:85120613042
SN - 0899-8256
VL - 131
SP - 222
EP - 244
JO - Games and Economic Behavior
JF - Games and Economic Behavior
ER -