This volume is the result of a conference held at the University of California, Irvine, on the topics that provide its title -- choice, decision, and measurement. The conference was planned, and the volume prepared, in honor of Professor R. Duncan Luce on his 70th birthday. Following a short autobiographical statement by Luce, the volume is organized into four topics, to each of which Luce has made significant contributions. The book provides an overview of current issues in each area and presents some of the best recent theoretical and empirical work. Personal reflections on Luce and his work begin each section. These reflections were written by outstanding senior researchers: Peter Fishburn (Preference and Decision Making), Patrick Suppes (Measurement Theory and Axiomatic Systems), William J. McGill (Psychophysics and Reaction Time), and W.K. Estes (Choice, Identification and Categorization). The first section presents recent theoretical and empirical work on descriptive models of decision making, and theoretical results on general probabilistic models of choice and ranking. Luce's recent theoretical and empirical work on rank- and sign-dependent utility theory is important in many of these contributions. The second section presents results from psychophysics, probabilistic measurement, aggregation of expert opinion, and test theory. The third section presents various process oriented models, with supportive data, for tasks such as redundant signal detection, forced choice, and absolute identification. The final section contains theory and data on categorization and attention, and general theoretical results for developing and testing models in these domains.
This chapter argues that measures of subjective risk perception are important for the following three reasons : ( a ) perceived risk is an important dependent variable in its own right , independent from choice , and governmental and ...
Author: A.A.J. Marley
What are the current trends in housing? Is my planned project commercially viable? What should be my marketing and advertisement strategies? These are just some of the questions real estate agents, landlords and developers ask researchers to answer. But to find the answers, researchers are faced with a wide variety of methods that measure housing preferences and choices. To select and value a valid research method, one needs a well-structured overview of the methods that are used in housing preference and housing choice research. This comprehensive introduction to this field offers just such an overview. It discusses and compares numerous methods, detailing the potential limitation of each one, and it reaches beyond methodology, illustrating how thoughtful consideration of methods and techniques in research can help researchers and other professionals to deliver products and services that are more in line with residents’ needs.
Thus, the decision problem has multiple value dimensions, which may be in conflict, as is usually the case with difficult choices (Von Winterfeldt and Edwards 1986, p. 259). For example, the current dwelling might be relatively large ...
Author: Sylvia J.T. Jansen
Publisher: Springer Science & Business Media
Measurement, Judgment, and Decision Making provides an excellent introduction to measurement, which is one of the most basic issues of the science of psychology and the key to science. Written by leading researchers, the book covers measurement, psychophysical scaling, multidimensional scaling, stimulus categorization, and behavioral decision making. Each chapter provides a useful handbook summary and unlocks the door for a scholar who desires entry to that field. Any psychologist who manipulates an independent variable that affects a psychological construct or who uses a numerical dependent variable to measure a psychological construct will want to study this book. Written by leading researchers in fields of measurement, psychophysical scaling, multidimensional scaling, stimulus categorization, and behavioral decision making Provides basic definitions and summaries of theories Presents summaries and citations to relevant literature Contains new developments, current controversies, and open questions Explains relationships among fields and historical links
The effects of concurrent verbalization on choice processing. journal ofMarleeting Research, 26, 84-96. Billings, R. S., 81 Marcus, S. A. (1983). Measures of compensatory and noncompensatory models of decision behavior: Process tracing ...
Author: Michael H. Birnbaum
This book brings together psychometric, cognitive science, policy, and content domain perspectives on new approaches to educational assessment -- in particular, constructed response, performance testing, and portfolio assessment. These new assessment approaches -- a full range of alternatives to traditional multiple-choice tests -- are useful in all types of large-scale testing programs, including educational admissions, school accountability, and placement. This book's multi-disciplinary perspective identifies the potential advantages and pitfalls of these new assessment forms, as well as the critical research questions that must be addressed if these assessment methods are to benefit education.
A typical multiplechoice test would be used to guide infrequent, broadly cast decisions, such as college admittance, ... This assumption is consonant with infrequent decision making; the measure should not be easily affected by ...
Author: William C. Ward
Decision Science and Technology is a compilation of chapters written in honor of a remarkable man, Ward Edwards. Among Ward's many contributions are two significant accomplishments, either of which would have been enough for a very distinguished career. First, Ward is the founder of behavioral decision theory. This interdisciplinary discipline addresses the question of how people actually confront decisions, as opposed to the question of how they should make decisions. Second, Ward laid the groundwork for sound normative systems by noticing which tasks humans can do well and which tasks computers should perform. This volume, organized into five parts, reflects those accomplishments and more. The book is divided into four sections: `Behavioral Decision Theory' examines theoretical descriptions and empirical findings about human decision making. `Decision Analysis' examines topics in decision analysis.`Decision in Society' explores issues in societal decision making. The final section, `Historical Notes', provides some historical perspectives on the development of the decision theory. Within these sections, major, multi-disciplinary scholars in decision theory have written chapters exploring some very bold themes in the field, as an examination of the book's contents will show. The main reason for the health of the Decision Analysis field is its close links between theory and applications that have characterized it over the years. In this volume, the chapters by Barron and Barrett; Fishburn; Fryback; Keeney; Moreno, Pericchi, and Kadane; Howard; Phillips; Slovic and Gregory; Winkler; and, above all, von Winterfeldt focus on those links. Decision science originally developed out of concern with real decision problems; and applied work, such as is represented in this volume, will help the field to remain strong.
A descriptive measure of risk. Acta Psychologica, 69, 185-203. Weber, E. U. (1997). The utility of measuring and modeling perceived risk. In A. A. J. Marley (Ed.), Choice, Decision, and Measurement: Essays in Honor of R. Duncan Luce (pp ...
Author: James Shanteau
Publisher: Springer Science & Business Media
Category: Business & Economics
Handbook of Health Research Methods is an essential tool for researchers and postgraduate students taking masters courses, or undertaking doctoral programmes, in health services evaluation, health sciences, health management, public health, nursing, sociology, socio-biology, medicine and epidemiology. However, the book also appeals to health professionals who wish to broaden their knowledge of research methods in order to make effective policy and practice decisions.
In keeping with this, evaluations of decision aids measure decision conflict (O'Connor 1995), regret (Feldman—Stewart et al. ... Other methods, including judgement analysis, conjoint analysis, discrete choice experiments, repertory grid ...
Author: Bowling, Ann
Publisher: McGraw-Hill Education (UK)
This monograph is devoted to the identification and measurement theory of costs and benefits in a fuzzy information environment. The process of cost-benefit analysis is presented, requiring the development of real cost-benefit databases and the construction of cost-benefit criterion. These steps are accomplished with various theoretical constructs that provide sets of self-contained algorithms for application. This book integrates cost-benefit analysis, theory of fuzzy decisions and social decisions into unified decision algorithms accessible to practitioners, researchers, and graduate students. It features the essentials of fuzzy mathematics and algorithms in a comprehensive way, exposing a multi-disciplinary approach for the development of cost-benefit decision making in the framework of fuzziness and soft computing.
Such concept and measurements of benefits from a choice of socio - economic activity are mostly internal to a particular enterprise on the basis of which present and future decisions and choices are made .
Author: K. K. Dompere
Publisher: Springer Science & Business Media
Category: Business & Economics
We study the validity of experimental methods designed to measure preferences for intra-household resource control among spouses in Ghana and Uganda. We implement two incentivized tasks; (1) a game that measures willingness to pay to control resources, and (2) private and joint dictator games that measure preferences for resource allocation and the extent to which those preferences are reflected in joint decisions. Behavior in the two tasks is correlated, suggesting that they describe similar underlying latent variables. In Uganda the experimental measures are robustly correlated with a range of household survey measures of resource control and women’s empowerment and suggest that simple private dictator games may be as informative as more sophisticated tasks. In Ghana, the experimental measures are not predictive of survey indicators, suggesting that context may be an important element of whether experimental measures are informative.
Please point to the choice on the menu. << Record choice >> Decision 3 (form A) – Individual investment decision, household Now I am going to give you the same investment opportunity as before, but now all earnings from the decision ...
Author: Ambler, Kate
Publisher: Intl Food Policy Res Inst
Category: Political Science
The field of mathematical psychology began in the 1950s and includes both psychological theorizing, in which mathematics plays a key role, and applied mathematics motivated by substantive problems in psychology. Central to its success was the publication of the first Handbook of Mathematical Psychology in the 1960s. The psychological sciences have since expanded to include new areas of research, and significant advances have been made in both traditional psychological domains and in the applications of the computational sciences to psychology. Upholding the rigor of the original Handbook, the New Handbook of Mathematical Psychology reflects the current state of the field by exploring the mathematical and computational foundations of new developments over the last half-century. The second volume focuses on areas of mathematics that are used in constructing models of cognitive phenomena and decision making, and on the role of measurement in psychology.
377, 10(1), of Review, of in Brownian processing and decision-making 111, Decision theory: derivations choice ... with dynamical a decision multiattribute Mathematical 85, Frontiers decision log facts time. choice: measure 39(2), ...
Author: William H. Batchelder
Publisher: Cambridge University Press
813 measurement techniques, arranged and described under various aspects of family life, e.g., husband-wife relationships. 130 journals and pertinent books used as sources. Each entry gives test name, variables measured, length, availability, and references. Author, test title, and subject indexes.
FERREIRA,A.J. and WINTER,W.D. Unrevealed Differences Technique. VARIABLES MEASURED. (1) Spontaneous agreement, (2) Decision-time, (3) Choice-fulfillment: the sum of individual choices which became family choices, (4) Index of normality ...
Author: Murray Arnold Straus
Publisher: U of Minnesota Press