This book presents recent advances in the theory and application of the Best-Worst Method (BWM). It includes selected papers from the Third International Workshop on Best-Worst Method (BWM2022), held in Delft, the Netherlands, from 9 to 10 June 2022. The book provides valuable insights on why...

Probabilistic group decision-making using BWT -- Robust stakeholder-based group-decision making framework: the Multi-Actor Multi-Criteria Analysis (MAMCA) with the integration of Best-Worst Method (BWM) -- A consistent and consensual best-worst method and its application to salespersons’...

Microeconomic modeling of investors behavior in financial markets and its results crucially depends on assumptions about the mathematical shape of the underlying preference functions as well as their parameterizations. With the purpose to shed some light on the question, which preferences...

The compromise effect refers to individuals' tendency to choose intermediate options. Its existence has been demonstrated in a large number of hypothetical choice experiments. This paper uses field data from a specialties restaurant to investigate the existence and strength of the compromise...