We investigate in a simple bi-criteria experimental study, whether subjects are consistent with a linear value function … linearity vs. non-linearity of the value function was minor. Moreover, a linear value function seems to predict choices for bi …-criteria problems quite well. This ability to predict is independent of whether the value function is diagnosed linear or not …

We introduce the concept of a representative value function in robust ordinal regression applied to multiple criteria … possible. They identify recommendations which are compatible with all or at least one compatible value function, respectively …. In this paper, we propose a general framework for selection of a representative value function from among the set of …

Numerical methods for dynamic programming often use value function iteration and interpolation. We present a novel … shape-preserving rational spline approximation method that improves value function iteration in terms of both stability and …

widely used power S-shaped value function) where the lack of loss aversion can lead to a puzzling behavior with respect to …

This paper presents an algorithm for solving nonlinear dynamic stochastic models that computes value function by …