Relevance and Application of Multiattribute Utility Theory and Risk Aversion Analysis to Participatory Group Decision Making

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ISBN 13 :
Total Pages : 386 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Relevance and Application of Multiattribute Utility Theory and Risk Aversion Analysis to Participatory Group Decision Making by : Altan Cöner

Download or read book Relevance and Application of Multiattribute Utility Theory and Risk Aversion Analysis to Participatory Group Decision Making written by Altan Cöner and published by . This book was released on 1978 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dissertation Abstracts International

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ISBN 13 :
Total Pages : 656 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1979 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foundations of Utility and Risk Theory with Applications

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Publisher : Springer Science & Business Media
ISBN 13 : 9401715904
Total Pages : 487 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Foundations of Utility and Risk Theory with Applications by : Bernt P. Stigum

Download or read book Foundations of Utility and Risk Theory with Applications written by Bernt P. Stigum and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume we present some o~ the papers that were delivered at FUR-82 - the First International Con~erence on Foundations o~ Utility and Risk Theory in Oslo, June 1982. The purpose o~ the con~erence was to provide a ~orum within which scientists could report on interesting applications o~ modern decision theory and exchange ideas about controversial issues in the ~oundations o~ the theory o~ choice under un certainty. With that purpose in mind we have selected a mixture of applied and theoretical papers that we hope will appeal to a wide spectrum o~ readers ~rom graduate students in social science departments and business schools to people involved in making hardheaded decisions in business and government. In an introductory article Ole Hagen gives an overview o~ various paradoxes in utility and risk theory and discusses these in the light o~ scientific methodology. He concludes the article by calling ~or joint efforts to provide decision makers with warkable theories. Kenneth Arrow takes up the same issue on a broad basis in his paper where he discusses the implications o~ behavior under uncertainty for policy. In the theoretical papers the reader will ~ind attempts at de~initive Statements of the meaning o~ old concepts and suggestions for the adoption o~ new concepts. For instance, Maurice Allais discusses four di~ferent interpretations o~ the axioms o~ probability and explains the need ~or an empirical characterization o~ the concept of chance.

Foundations of Multiattribute Utility

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Publisher : Cambridge University Press
ISBN 13 : 1108547583
Total Pages : 703 pages
Book Rating : 4.1/5 (85 download)

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Book Synopsis Foundations of Multiattribute Utility by : Ali E. Abbas

Download or read book Foundations of Multiattribute Utility written by Ali E. Abbas and published by Cambridge University Press. This book was released on 2018-06-28 with total page 703 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the complex problems faced by decision makers involve uncertainty as well as multiple conflicting objectives. This book provides a complete understanding of the types of objective functions that should be used in multiattribute decision making. By using tools such as preference, value, and utility functions, readers will learn state-of-the-art methods to analyze prospects to guide decision making and will develop a process that guarantees a defensible analysis to rationalize choices. Summarizing and distilling classical techniques and providing extensive coverage of recent advances in the field, the author offers practical guidance on how to make good decisions in the face of uncertainty. This text will appeal to graduate students and practitioners alike in systems engineering, operations research, business, management, government, climate change, energy, and healthcare.

Recent Developments in the Foundations of Utility and Risk Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 9400946163
Total Pages : 402 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Recent Developments in the Foundations of Utility and Risk Theory by : L. Daboni

Download or read book Recent Developments in the Foundations of Utility and Risk Theory written by L. Daboni and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second International Conference on Foundations of Utility and Risk Theory was held in Venice, June 1984. This volume presents some of the papers delivered at FUR-84. (The First International Conference, FUR-82, was held in Oslo and some of the papers presented on that occasion were published by Reidel in the volume Foundations of Utility and Risk Theory with Applications, edited by Bernt P. Stigum and Fred Wenst~p). The theory of choice under uncertainty involves a vast range of controversial issues in many fields like economics, philosophy, psychology, mathematics and statistics. The idea of discussing these problems in international conferences has been successful: two conferences have been held and others will follow. The climate of the debate has changed in the meantime, partly as a result of these conferences. It is no more only a question of attacking or defending the neo-Bernoullian assumptions, but also of proposing wider generalizations and including new elements in the analysis of the decision process. For instance Amartya Sen - comparing the two current notions of rationality, internal consistency and self-interest pursuit introduces the concept of reasoning and considers the irrationality which may result from the failure of a positive correspondence between reasoning and choice or from a limited capacity of reasoning. Rationality is also considered with respect to the controversial axiom of strong independence. John C. Harsanyi introduces the concept of practical certainty, i. e.

Experiments on Decisions under Risk: The Expected Utility Hypothesis

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Publisher : Springer Science & Business Media
ISBN 13 : 9401750408
Total Pages : 228 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Experiments on Decisions under Risk: The Expected Utility Hypothesis by : P.J.H. Schoemaker

Download or read book Experiments on Decisions under Risk: The Expected Utility Hypothesis written by P.J.H. Schoemaker and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this valuable book, Paul Schoemaker summarizes recent experimental and field research that he and others have undertaken regarding the descrip tive validity of expected utility theory as a model of choice under uncer tainty. His principal message is that this paradigm is too narrow in its con ception and misses some of the important elements of a descriptive model of individual choice. In particular, Schoemaker calls attention to the impor tance of individual differences, task effects, and context effects as they influence behavior. The expected utility hypothesis has come under scrutiny in recent years from a number of different quarters. This book brings together these many studies and relates them to the large body of literature on individual de cision making under risk. Although this paradigm may be appropriate for describing behavior under many conditions of uncertainty, Schoemaker presents convincing evidence that it does not do well with respect to protec tion against low-probability events. For example, he shows that the insur ance purchase decision is influenced by the way information is presented to the client, as well as by the statistical knowledge of the respondents.

Application of Multi-attribute Utility Theory to Measure Social Preferences for Health States

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ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.3/5 (881 download)

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Book Synopsis Application of Multi-attribute Utility Theory to Measure Social Preferences for Health States by : George W. Torrance

Download or read book Application of Multi-attribute Utility Theory to Measure Social Preferences for Health States written by George W. Torrance and published by . This book was released on 1982 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Decisions with Multiple Objectives

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Publisher : Cambridge University Press
ISBN 13 : 9780521438834
Total Pages : 596 pages
Book Rating : 4.4/5 (388 download)

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Book Synopsis Decisions with Multiple Objectives by : Ralph L. Keeney

Download or read book Decisions with Multiple Objectives written by Ralph L. Keeney and published by Cambridge University Press. This book was released on 1993-07 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes how a confused decision maker, who wishes to make a reasonable and responsible choice among alternatives, can systematically probe their thoughts and feelings in order to make the critically important trade-offs between incommensurable objectives.

Progress in Utility and Risk Theory

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Publisher : Springer Science & Business Media
ISBN 13 : 9400963513
Total Pages : 282 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Progress in Utility and Risk Theory by : G.M. Hagen

Download or read book Progress in Utility and Risk Theory written by G.M. Hagen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. PROGRESS IN UTILITY AND RISK THEORY At the First International Congress of Utility and Risk Theory in Oslo 1982 (FUR-82) it appeared to be a widespread feeling among the participants that the conference signalled something like a paradigm shift in the field. This does not necessarily mean that old truths were discarded and replaced by new ones, but rather that new theories and new empirical evidence were brought forth, compelling old theories to be critically analyzed from new angels. Some of the papers presented at FUR-82 have been published by Reidel in 1983 in a volume edited by Stigum and Wenst0p. The present volume contains com mentaries on a number of the papers presented at the conference together with broader outlines of current views on the theory. The observation that utility and risk theory now appears to be in a state of rapid change has prompted us to choose the title PROGRESS IN UTILITY AND RISK THEORY for the book, in the belief that science always moves from poorer to more advanced paradigms or from weaker to more forceful theories. In other words, change is usually progress, even though intermediate stages in a para digm shift may be bewildering, to say the least.

Comprehensive Dissertation Index

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ISBN 13 :
Total Pages : 760 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Comprehensive Dissertation Index by :

Download or read book Comprehensive Dissertation Index written by and published by . This book was released on 1984 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Application of Multi-attribute Utility Theory to Educational Decision Making

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ISBN 13 :
Total Pages : 214 pages
Book Rating : 4.:/5 (818 download)

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Book Synopsis An Application of Multi-attribute Utility Theory to Educational Decision Making by : Bernard John Isselhardt

Download or read book An Application of Multi-attribute Utility Theory to Educational Decision Making written by Bernard John Isselhardt and published by . This book was released on 1983 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Expected Utility Hypotheses and the Allais Paradox

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Publisher : Springer Science & Business Media
ISBN 13 : 9401576297
Total Pages : 706 pages
Book Rating : 4.4/5 (15 download)

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Book Synopsis Expected Utility Hypotheses and the Allais Paradox by : M. Allais

Download or read book Expected Utility Hypotheses and the Allais Paradox written by M. Allais and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utility theory or, value theory in general, is certainly the cornerstone of decision theory, game theory, microecon~mics, and all social and political theories which deal with public decisions. Recently the American School of utility, founded by von N eumann Morgenstern, encountered a far-going criticism by the French School of utility represented by its founder Allais. The whole basis of the theory of decisions involving risk has been shaken and put into question. Consequently, basic research in the fundamentals of utility and value theory evolved into a crisis. Like any crisis in basic research, and this one was not an exception, it was very fruitful. One may simply say: Allais versus von Neumann-Morgenstern, or the French School of utility versus the American School, became one of the battlefields of scientific development which proved to be a most creative source of new advances and new developments in all those sciences which are based on evaluation of utilities.

Supporting ALARP Decision-making by Cost Benefit Analysis and Multi-attribute Utility Theory

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (485 download)

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Book Synopsis Supporting ALARP Decision-making by Cost Benefit Analysis and Multi-attribute Utility Theory by : Simon French

Download or read book Supporting ALARP Decision-making by Cost Benefit Analysis and Multi-attribute Utility Theory written by Simon French and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Multiattribute Utility Analyses of Group Decision Making in 'real' Situations

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Multiattribute Utility Analyses of Group Decision Making in 'real' Situations by : P. C. Humphreys

Download or read book Multiattribute Utility Analyses of Group Decision Making in 'real' Situations written by P. C. Humphreys and published by . This book was released on 1978 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

AUSI Expected Utility

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis AUSI Expected Utility by : Simon Grant

Download or read book AUSI Expected Utility written by Simon Grant and published by . This book was released on 1994 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sociological Abstracts

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ISBN 13 :
Total Pages : 1478 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Sociological Abstracts by : Leo P. Chall

Download or read book Sociological Abstracts written by Leo P. Chall and published by . This book was released on 1978 with total page 1478 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Multiattribute Utility Theory, Intertemporal Utility, and Correlation Aversion

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Multiattribute Utility Theory, Intertemporal Utility, and Correlation Aversion by : Steffen Andersen

Download or read book Multiattribute Utility Theory, Intertemporal Utility, and Correlation Aversion written by Steffen Andersen and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Convenient assumptions about qualitative properties of the intertemporal utility function have generated counterintuitive implications for the relationship between atemporal risk aversion and the intertemporal elasticity of substitution. If the intertemporal utility function is additively separable, then the latter two concepts are the inverse of each other. We review a theoretical specification with a long lineage in the literature on multi-attribute utility and use this theoretical structure to guide the design of a series of experiments that allow us to identify and estimate intertemporal correlation aversion. Our results show that subjects are correlation averse over lotteries with intertemporal income profiles.