Search Results - subject:"Value Functions"

Separating attitudes towards money from attitudes towards probabilities : stake effects and ambiguity as a test for prospect theory

Vieider, Ferdinand M.; Cingl, Lubomír; Martinsson, Peter; … - 2013

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of choices, PT relies on a psychologically founded separation of risk attitudes into attitudes towards outcomes, captured in a value function; and attitudes towards probabilities,...

Persistent link: https://www.econbiz.de/10009792472

GISwaps: A New Method for Decision Making in Continuous Choice Models Based on Even Swaps

Milutinovic, Goran; Ahonen-Jonnarth, Ulla; Seipel, Stefan - In: International Journal of Decision Support System … 10 (2018) 3, pp. 57-78

alternatives, is in itself controversial. Second, the value functions obtained by this approach are in most cases linear, which is …. The method is intuitive and easy to use, based on value trade-offs, and thus not relying on criteria weighting. Value … functions obtained when using the method may be linear or non-linear, and thereby are more sensitive to the characteristics of …

Persistent link: https://www.econbiz.de/10012044151

Resources in Parks and Police Management Applying Decision Utility to Solve Problems with Limited Resources

Ozgur, Ceyhun - In: International Journal of Information Systems in the … 10 (2018) 2, pp. 69-78

organizations that relate public service such as parks and police. It measures and implements maximin value functions. A maximin …

Persistent link: https://www.econbiz.de/10012045890

Resources in parks and police management applying decision utility to solve problems with limited resources

Ozgur, Ceyhun - In: International journal of information systems in the … 10 (2018) 2, pp. 69-78

Persistent link: https://www.econbiz.de/10011847441

Let's Do It Again: Bagging Equity Premium Predictors

Hillebrand, Eric; Lee, Tae-Hwy; Medeiros, Marcelo C. - School of Economics and Management, University of Aarhus - 2012

The literature on excess return prediction has considered a wide array of estimation schemes, among them unrestricted and restricted regression coefficients. We consider bootstrap aggregation (bagging) to smooth parameter restrictions. Two types of restrictions are considered: positivity of the...

Persistent link: https://www.econbiz.de/10010851210

A linear programming approach for learning non-monotonic additive value functions in multiple criteria decision aiding

Ghaderi, Mohammad; Ruiz Vegas, Francisco; Agell, Núria - In: European journal of operational research : EJOR 259 (2017) 3, pp. 1073-1084

Persistent link: https://www.econbiz.de/10011695514

On Envelope Theorems in Economics: Inspired by a Revival of a Forgotten Lecture

Löfgren, Karl-Gustaf - Institutionen för Nationalekonomi, Umeå Universitet - 2011

. The existing literature is full of them and the reason is that all families of optimal value functions can produce them …

Persistent link: https://www.econbiz.de/10009294752

Robust ordinal regression for decision under risk and uncertainty

Corrente, Salvatore; Greco, Salvatore; Matarazzo, Benedetto - In: Journal of business economics : JBE 86 (2016) 1/2, pp. 55-83

Persistent link: https://www.econbiz.de/10011666869

Reference dependence effects on WTA and WTP value functions and their disparity

Koetse, Mark J.; Brouwer, Roy - In: Environmental & resource economics : the official … 65 (2016) 4, pp. 723-745

Persistent link: https://www.econbiz.de/10011649148

Approximating the value functions for stochastic differential games with the ones having bounded second derivatives

Krylov, N.V. - In: Stochastic Processes and their Applications 125 (2015) 1, pp. 254-271

We show a method of uniform approximation of the value functions of uniformly nondegenerate stochastic differential …

Persistent link: https://www.econbiz.de/10011077898