Results for 'Utility elicitation'

981 found
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  1.  18
    Constraint-based optimization and utility elicitation using the minimax decision criterion.Craig Boutilier, Relu Patrascu, Pascal Poupart & Dale Schuurmans - 2006 - Artificial Intelligence 170 (8-9):686-713.
  2.  62
    The influence of probabilities on the response mode bias in utility elicitation.Christopher Schwand, Rudolf Vetschera & Lea M. Wakolbinger - 2010 - Theory and Decision 69 (3):395-416.
    The response mode bias, in which subjects exhibit different risk attitudes when assessing certainty equivalents versus indifference probabilities, is a well-known phenomenon in the assessment of utility functions. In this empirical study, we develop and apply a cardinal measure of risk attitudes to analyze not only the existence, but also the strength of this phenomenon. Since probability levels involved in decision problems are already known to have a strong impact on behavior, we use this approach to study the impact (...)
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  3.  13
    Elicitation and modelling of imprecise utility of health states.Michał Jakubczyk & Dominik Golicki - 2020 - Theory and Decision 88 (1):51-71.
    Utilities of health states are often estimated to support public decisions in health care. People’s preferences may be imprecise, for lack of actual trade-off experience. We show how to elicit the utilities accounting for imprecision, discover the main drivers of imprecision, and compare several approaches to modelling health state utility data in the fuzzy setting. We extended the time trade-off questionnaire, to elicit utilities of states defined in the EQ-5D-3L descriptive system in184 respondents. Our study demonstrates that respondents are (...)
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  4.  72
    Error Propagation in the Elicitation of Utility and Probability Weighting Functions.Pavlo Blavatskyy - 2006 - Theory and Decision 60 (2-3):315-334.
    Elicitation methods in decision-making under risk allow us to infer the utilities of outcomes as well as the probability weights from the observed preferences of an individual. An optimally efficient elicitation method is proposed, which takes the inevitable distortion of preferences by random errors into account and minimizes the effect of such errors on the inferred utility and probability weighting functions. Under mild assumptions, the optimally efficient method for eliciting utilities and probability weights is the following three-stage (...)
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  5.  51
    A Method for Eliciting Utilities and its Application to Collective Choice.Ilia Tsetlin - 2006 - Theory and Decision 61 (1):51-62.
    Designing a mechanism that provides a direct incentive for an individual to report her utility function over several alternatives is a difficult task. A framework for such mechanism design is the following: an individual (a decision maker) is faced with an optimization problem (e.g., maximization of expected utility), and a mechanism designer observes the decision maker’s action. The mechanism does reveal the individual’s utility truthfully if the mechanism designer, having observed the decision maker’s action, infers the decision (...)
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  6.  42
    Eliciting Objective Probabilities via Lottery Insurance Games.Robin Hanson - unknown
    Since utilities and probabilities jointly determine choices, event-dependent utilities complicate the elicitation of subjective event probabilities. However, for the usual purpose of obtaining the information embodied in agent beliefs, it is sufficient to elicit objective probabilities, i.e., probabilities obtained by updating a known common prior with that agent’s further information. Bayesians who play a Nash equilibrium of a certain insurance game before they obtain relevant information will afterward act regarding lottery ticket payments as if they had event-independent risk-neutral (...) and a known common prior. Proper scoring rules paid in lottery tickets can then elicit objective probabilities. (shrink)
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  7.  76
    Risk aversion elicitation: reconciling tractability and bias minimization. [REVIEW]Mohammed Abdellaoui, Ahmed Driouchi & Olivier L’Haridon - 2011 - Theory and Decision 71 (1):63-80.
    Risk attitude is known to be a key determinant of various economic and financial choices. Behavioral studies that aim to evaluate the role of risk attitudes in contexts of this type, therefore, require tools for measuring individual risk tolerance. Recent developments in decision theory provide such tools. However, the methods available can be time consuming. As a result, some practitioners might have an incentive to prefer “fast and frugal” methods to clean but more costly methods. In this article, we focus (...)
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  8.  36
    Social responsibility and the utilities.Alan Jones - 2001 - Journal of Business Ethics 34 (3-4):219 - 229.
    This paper examines recent developments in U.K. utility regulation from a business ethics perspective. The regulatory framework that facilitated privatisation of the utility companies has foundations based upon free market principles involving a transfer from regulation to competitive markets wherever possible. Where competition is not feasible, continuing economic regulation is relied upon, designed to mirror the competitive market to induce, through comparative competition and the price capping mechanism, incentives for greater efficiency. The New Labour Government, having fundamentally reviewed (...)
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  9. Living without state-independence of utilities.Brian Hill - 2009 - Theory and Decision 67 (4):405-432.
    This article is concerned with the representation of preferences which do not satisfy the ordinary axioms for state-independent utilities. After suggesting reasons for not being satisfied with solutions involving state-dependent utilities, an alternative representation shall be proposed involving state-independent utilities and a situation-dependent factor. The latter captures the interdependencies between states and consequences. Two sets of axioms are proposed, each permitting the derivation of subjective probabilities, state-independent utilities, and a situation-dependent factor, and each operating in a different framework. The first (...)
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  10.  87
    Eliciting beliefs.Robert Chambers & Tigran Melkonyan - 2008 - Theory and Decision 65 (4):271-284.
    We develop an algorithm that can be used to approximate a decisionmaker’s beliefs for a class of preference structures that includes, among others, α-maximin expected utility preferences, Choquet expected utility preferences, and, more generally, constant additive preferences. For both exact and statistical approximation, we demonstrate convergence in an appropriate sense to the true belief structure.
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  11.  73
    State-Dependent Utilities.Mark J. Schervish, Teddy Seidenfeld & Joseph B. Kadane - unknown
    Several axiom systems for preference among acts lead to a unique probability and a state-independent utility such that acts are ranked according to their expected utilities. These axioms have been used as a foundation for Bayesian decision theory and subjective probability calculus. In this article we note that the uniqueness of the probability is relative to the choice of whatcounts as a constant outcome. Although it is sometimes clear what should be considered constant, in many cases there are several (...)
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  12. Aristotle on the Utility and Choiceworthiness of Friends.Matthew D. Walker - 2014 - Archiv für Geschichte der Philosophie 96 (2):151-182.
    Aristotle’s views on the choiceworthiness of friends might seem both internally inconsistent and objectionably instrumentalizing. On the one hand, Aristotle maintains that perfect friends or virtue friends are choiceworthy and lovable for their own sake, and not merely for the sake of further ends. On the other hand, in Nicomachean Ethics IX.9, Aristotle appears somehow to account for the choiceworthiness of such friends by reference to their utility as sources of a virtuous agent’s robust self-awareness. I examine Aristotle’s views (...)
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  13.  74
    The impossibility of experimental elicitation of subjective probabilities.Edi Karni & Zvi Safra - 1995 - Theory and Decision 38 (3):313-320.
  14.  24
    Consistency of determined risk attitudes and probability weightings across different elicitation methods.Golo-Friedrich Bauermeister, Daniel Hermann & Oliver Musshoff - 2018 - Theory and Decision 84 (4):627-644.
    In comparing different risk elicitation methods under the assumptions of expected utility theory, previous studies have found significant differences in the elicited risk attitudes. This paper extends this line of research to consider cumulative prospect theory by comparing risk attitudes and probability weightings determined using two elicitation methods: the method by Tanaka et al. :557–571, 2010; TCN method) and the method by Wakker and Deneffe :1131–1150, 1996; WD method). We demonstrate that the two methods reveal significantly different (...)
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  15. Re-thinking the criminal standard of proof: Seeking consensus about the utilities of trial outcomes.Larry Laudan & Harry Saunders - unknown
    For more than a half-century, evidence scholars have been exploring whether the criminal standard of proof can be grounded in decision theory. Such grounding would require the emergence of a social consensus about the utilities to be assigned to the four outcomes at trial. Significant disagreement remains, even among legal scholars, about the relative desirability of those outcomes and even about the formalisms for manipulating their respective utilities. We attempt to diagnose the principal reasons for this dissensus and to suggest (...)
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  16.  21
    How sure are you? — the properties of self-reported conviction in the elicitation of health preferences with discrete choice experiments.Michał Jakubczyk & Michał Lewandowski - 2023 - Theory and Decision 96 (3):351-368.
    Discrete choice experiments (DCE) are often used to elicit preferences, for instance, in health preference research. However, DCEs only provide binary responses, whilst real-life choices are made with varying degrees of conviction. We aimed to verify whether eliciting self-reported convictions on a 0–100 scale adds meaningful information to the binary choice. Eighty three respondents stated their preferences for health states using DCE and the time trade-off method (TTO). In TTO, utility ranges were also elicited to account for preference imprecision. (...)
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  17.  22
    Violations of coalescing in parametric utility measurement.Andreas Glöckner, Baiba Renerte & Ulrich Schmidt - 2020 - Theory and Decision 89 (4):471-501.
    The majority consensus in the empirical literature is that probability weighting functions are typically inverse-S shaped, that is, people tend to overweight small and underweight large probabilities. A separate stream of literature has reported event-splitting effects and shown that they can explain violations of expected utility. This leads to the questions whether the observed shape of weighting functions is a mere consequence of the coalesced presentation and, more generally, whether preference elicitation should rely on presenting lotteries in a (...)
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  18.  61
    How should what economists call “social values” be measured?Martha C. Nussbaum - 1999 - The Journal of Ethics 3 (3):249-273.
    Most economists and some philosophers distinguish individual utilities from interpersonal social values. Even if challenges to that conceptual distinction can be met, further philosophically interesting questions arise. I pursue three in this paper, using, as context for the discussion, health economics and its attempt to discern empirically a social welfare function to help guide rationing decisions. (1) To discern these utilities and values in a manner that is morally appropriate if they are to influence rationing decisions, who should be queried? (...)
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  19.  31
    How Should What Economists Call "Social Values" Be Measured.Paul Menzel - 1999 - The Journal of Ethics 3 (3):249 - 273.
    Most economists and some philosophers distinguish individual utilities from interpersonal social values. Even if challenges to that conceptual distinction can be met, further philosophically interesting questions arise. I pursue three in this paper, using, as context for the discussion, health economics and its attempt to discern empirically a social welfare function to help guide rationing decisions. (1) To discern these utilities and values in a manner that is morally appropriate if they are to influence rationing decisions, who should be queried? (...)
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  20.  98
    Subjective Probability Weighting and the Discovered Preference Hypothesis.Gijs van de Kuilen - 2009 - Theory and Decision 67 (1):1-22.
    Numerous studies have convincingly shown that prospect theory can better describe risky choice behavior than the classical expected utility model because it makes the plausible assumption that risk aversion is driven not only by the degree of sensitivity toward outcomes, but also by the degree of sensitivity toward probabilities. This article presents the results of an experiment aimed at testing whether agents become more sensitive toward probabilities over time when they repeatedly face similar decisions, receive feedback on the consequences (...)
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  21.  9
    Quasi-separable preferences.Wei-zhi Qin & Hendrik Rommeswinkel - forthcoming - Theory and Decision:1-41.
    Utility functions often lack additive separability, presenting an obstacle for decision theoretic axiomatizations. We address this challenge by providing a representation theorem for utility functions of quasi-separable preferences of the form $$u(x,y,z)=f(x,z) + g(y,z)$$ on subsets of topological product spaces. These functions are additively separable only when holding z fixed but are cardinally comparable for different values of z. We then generalize the result to spaces with more than three dimensions and provide applications to belief elicitation, inequity (...)
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  22.  80
    Individual vs. couple behavior: an experimental investigation of risk preferences. [REVIEW]Mohammed Abdellaoui, Olivier L’Haridon & Corina Paraschiv - 2013 - Theory and Decision 75 (2):175-191.
    In this article, we elicit both individuals’ and couples’ preferences assuming prospect theory (PT) as a general theoretical framework for decision under risk. Our experimental method, based on certainty equivalents, allows to infer measurements of utility and probability weighting at the individual level and at the couple level. Our main results are twofold. First, risk attitude for couples is compatible with PT and incorporates deviations from expected utility similar to those found in individual decision making. Second, couples’ attitudes (...)
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  23.  27
    Predicting Short‐Term Remembering as Boundedly Optimal Strategy Choice.Andrew Howes, Geoffrey B. Duggan, Kiran Kalidindi, Yuan-Chi Tseng & Richard L. Lewis - 2016 - Cognitive Science 40 (5):1192-1223.
    It is known that, on average, people adapt their choice of memory strategy to the subjective utility of interaction. What is not known is whether an individual's choices are boundedly optimal. Two experiments are reported that test the hypothesis that an individual's decisions about the distribution of remembering between internal and external resources are boundedly optimal where optimality is defined relative to experience, cognitive constraints, and reward. The theory makes predictions that are tested against data, not fitted to it. (...)
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  24. The Allais paradox: what it became, what it really was, what it now suggests to us.Philippe Mongin - 2019 - Economics and Philosophy 35 (3):423-459.
    Whereas many others have scrutinized the Allais paradox from a theoretical angle, we study the paradox from an historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize that Allais proposed the paradox asa normative argument, concerned with ‘the rational man’ and not the ‘real man’, to use his words. Moreover, and more subtly, we argue that Allais had an unusual sense of the normative, being concerned not so (...)
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  25. Stability of risk preference measures: results from a field experiment on French farmers.Arnaud Reynaud & Stéphane Couture - 2012 - Theory and Decision 73 (2):203-221.
    We compare two different elicitation methods for measuring risk attitudes on a sample of French farmers. We consider the lottery tasks initially proposed by Holt and Laury (Econ Rev 92:1644–1655, 2002) and by Eckel and Grossman (Evol Hum Behav 23:281–295, 2002; J Econ Behav Org 68:1–7, 2008). The main empirical result from this within-subject study is that risk preference measures are affected by the type of mechanism used. We first show that this risk preference instability can be related to (...)
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  26. The price for information about probabilities and its relation with risk and ambiguity.Giuseppe Attanasi & Aldo Montesano - 2012 - Theory and Decision 73 (1):125-160.
    In this article, ambiguity attitude is measured through the maximum price a decision maker is willing to pay to know the probability of an event. Two problems are examined in which the decision maker faces an act: in one case, buying information implies playing a lottery, while, in the other case, buying information gives also the option to avoid playing the lottery. In both decision settings, relying on the Choquet expected utility model, we study how the decision maker’s risk (...)
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  27. The paradox of the Bayesian experts.Philippe Mongin - 2001 - In David Corfield & Jon Williamson (eds.), Foundations of Bayesianism. Kluwer Academic Publishers. pp. 309-338.
    This paper (first published under the same title in Journal of Mathematical Economics, 29, 1998, p. 331-361) is a sequel to "Consistent Bayesian Aggregation", Journal of Economic Theory, 66, 1995, p. 313-351, by the same author. Both papers examine mathematically whether the the following assumptions are compatible: the individuals and the group both form their preferences according to Subjective Expected Utility (SEU) theory, and the preferences of the group satisfy the Pareto principle with respect to those of the individuals. (...)
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  28. heritability and causal reasoning.Kate E. Lynch - 2017 - Biology and Philosophy 32 (1):25-49.
    Gene–environment covariance is the phenomenon whereby genetic differences bias variation in developmental environment, and is particularly problematic for assigning genetic and environmental causation in a heritability analysis. The interpretation of these cases has differed amongst biologists and philosophers, leading some to reject the utility of heritability estimates altogether. This paper examines the factors that influence causal reasoning when G–E covariance is present, leading to interpretive disagreement between scholars. It argues that the causal intuitions elicited are influenced by concepts of (...)
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  29.  15
    Whose time is it? Rancière on taking time, unproductive doing and democratic emancipation.Michael Räber - 2025 - Philosophy and Social Criticism 51 (1):157-177.
    This essay argues that an alternative conception of time to that underlying the ideology of productivism and growth is not only possible, but desirable. The creation of this time requires what I refer to as the practice of refusal via taking time: the self-determined arrangement of the nexus of time, action and utility that begins with the a-synchronous insertion of unproductive time into the synchronous horizontal time of productivism. The essay is divided into three sections. The first offers the (...)
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  30.  25
    Promoting organ donation registration with the priority incentive: Israeli transplantation surgeons' and other medical practitioners' views and ethical concerns.Nurit Guttman, Gil Siegal, Naama Appel-Doron & Gitit Bar-On - 2019 - Bioethics 34 (5):527-541.
    Because the number of organs available for transplantation does not meet the needs of potential recipients, some have proposed that a potentially effective way to increase registration is to offer a self‐benefit incentive that grants a 'preferred status' or some degree of prioritization to those who register as potential donors, in case they might need organs. This proposal has elicited an ethical debate on the appropriateness of such a benefit in the context of a life‐saving medical procedure. In this paper (...)
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  31.  30
    Cascading SOFM and RBF Networks for Categorization and Indexing of Fly Ashes.C. N. Ravikumar, M. C. Nataraja & M. A. Jayaram - 2011 - Journal of Intelligent Systems 20 (1):61-77.
    The objective of this work is to categorize the available fly ashes in different parts of the world into distinct groups based on its compositional attributes. Kohonen's self-organizing feature map and radial basis function networks are applied in a cascading fashion for the classification of fly ashes in terms of its chemical parameters. The basic procedure of the methodology consists of three stages: apply self-organizing neural net to ascertain possible number of groups, delineate them and identify the group sensitive attributes; (...)
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  32.  17
    Physicians’ Perspectives on Adolescent and Young Adult Advance Care Planning: The Fallacy of Informed Decision Making.Joan Liaschenko, Cynthia Peden-McAlpine & Jennifer S. Needle - 2019 - Journal of Clinical Ethics 30 (2):131-142.
    Advance care planning (ACP) is a process that seeks to elicit patients’ goals, values, and preferences for future medical care. While most commonly employed in adult patients, pediatric ACP is becoming a standard of practice for adolescent and young adult patients with potentially life-limiting illnesses. The majority of research has focused on patients and their families; little attention has been paid to the perspectives of healthcare providers (HCPs) regarding their perspectives on the process and its potential benefits and limitations. Focus (...)
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  33.  33
    Comparing attitudes toward time and toward money in experience-based decisions.Emmanuel Kemel & Muriel Travers - 2016 - Theory and Decision 80 (1):71-100.
    This paper reports an experimental comparison of attitudes toward time and toward money in experience-based decisions. Preferences were elicited under rank-dependent utility for prospects with two or three consequences expressed either in time or in monetary units. Probabilities were unknown but learned through sampling. More specifically, time and money were compared under two conditions. In a first experiment, both consequences and probabilities of prospects were unknown and learned through sequential sampling. In a second experiment, the possible consequences were revealed (...)
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  34.  47
    The Continuing Relevance of Ars Poetica to Legal Scholarship and the Modern Lawyer.Julia J. A. Shaw - 2012 - International Journal for the Semiotics of Law - Revue Internationale de Sémiotique Juridique 25 (1):71-93.
    In this late modern era within which the basic values of life have been reordered (driven by globalisation, the corporate agenda and mass communication technologies), the individual has effectively been reduced to a mere abstraction. It might be argued that the rational, moral and humanistic concept of freedom has, to a great extent, been compromised by a consequent crisis within the intelligentsia. These groups, in particular the gatekeepers of a classical liberal approach to legal scholarship, are caught between the twin (...)
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  35.  75
    Parameters of social preference functions: measurement and external validity.Christoph Graf, Rudolf Vetschera & Yingchao Zhang - 2013 - Theory and Decision 74 (3):357-382.
    Most of the existing literature on social preferences either tests whether certain characteristics of the social context influence individual decisions, or tries to estimate parameters of social preference functions describing such behavior at the level of the entire population. In the present paper, we are concerned with measuring parameters of social preference functions at the individual level. We draw upon concepts developed for eliciting other types of utility functions, in particular the literature on decision making under incomplete information. Our (...)
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  36.  48
    Many roads to resistance: how invertebrates adapt to Bt toxins.Joel S. Griffitts & Raffi V. Aroian - 2005 - Bioessays 27 (6):614-624.
    The Cry family of Bacillus thuringiensis insecticidal and nematicidal proteins constitutes a valuable source of environmentally benign compounds for the control of insect pests and disease agents. An understanding of Cry toxin resistance at a molecular level will be critical to the long‐term utility of this technology; it may also shed light on basic mechanisms used by other bacterial toxins that target specific organisms or cell types. Selection and cross‐resistance studies have confirmed that genetic adaptation can elicit varying patterns (...)
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  37.  74
    Measuring the time stability of Prospect Theory preferences.Stefan Zeisberger, Dennis Vrecko & Thomas Langer - 2012 - Theory and Decision 72 (3):359-386.
    Prospect Theory (PT) is widely regarded as the most promising descriptive model for decision making under uncertainty. Various tests have corroborated the validity of the characteristic fourfold pattern of risk attitudes implied by the combination of probability weighting and value transformation. But is it also safe to assume stable PT preferences at the individual level? This is not only an empirical but also a conceptual question. Measuring the stability of preferences in a multi-parameter decision model such as PT is far (...)
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  38. The Puzzle of the Psychiatric Interview.Giovanni Stanghellini - 2004 - Journal of Phenomenological Psychology 35 (2):173-195.
    The psychiatric interview plays a critical role in clinical assessment and therapy. Problems with assessment reliability and validity that were apparent in nosological and diagnostic discrepancies plagued the field of psychiatry historically. Technical approaches including structured interviews were developed to address these problems. Although these approaches decreased diagnostic variance, they focused narrowly on eliciting signs and symptoms conforming to previously agreed diagnostic categories, necessarily restricting the range and richness of experiences and narratives that are elicited. This restriction inhibits the (...) of assessment in furthering the interpersonal rapport and exploration that is essential to the task of therapy. The author reviews critiques of technical approaches to psychiatric assessment and highlights critical, often unexamined, epistemological assumptions and questions. In light of these critiques, he proposes a phenomenological approach to psychiatric assessment focused on narratives that situate particular experiences in the broader life context. In this approach the assessor functions as a participant observer, relying on the same empathic skills that inform effective therapy. It is argued that without over turning the advances in assessment reliability gained through technical approaches to the psychiatric interview, a phenomenological approach can illuminate, enrich, and broaden psychiatric assessment, increasing its effectiveness in psychopathological understanding and in therapy. (shrink)
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  39.  19
    Case Study of Recognition Patterns in Haunted People Syndrome.James Houran & Brian Laythe - 2022 - Frontiers in Psychology 13.
    Haunted People Syndrome denotes individuals who recurrently report various “supernatural” encounters in everyday settings ostensibly due to heightened somatic-sensory sensitivities to dis-ease states, which are contextualized by paranormal beliefs and reinforced by perceptual contagion effects. This view helps to explain why these anomalous experiences often appear to be idioms of stress or trauma. We tested the validity and practical utility of the HP-S concept in an empirical study of an active and reportedly intense ghostly episode that was a clinical (...)
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  40.  53
    An embarrassment of riches : modeling social preferences in ultimatum games.Cristina Bicchieri & Jiji Zhang - unknown
    Experimental results in Ultimatum, Trust and Social Dilemma games have been interpreted as showing that individuals are, by and large, not driven by selfish motives. But we do not need experiments to know that. In our view, what the experiments show is that the typical economic auxiliary hypothesis of non-tuism should not be generalized to other contexts. Indeed, we know that when the experimental situation is framed as a market interaction, participants will be more inclined to keep more money, share (...)
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  41. Prognosis in medicine: An analysis of its meaning and rôles.Jørgen Hilden & J. Dik F. Habbema - 1987 - Theoretical Medicine and Bioethics 8 (3).
    The medical concept of prognosis is analysed into its basic constituents: patient data, medical intervention, outcome, utilities and probabilities; and sources of utility and probability values are discussed. Prognosis cannot be divorced from contemplated medical action, nor from action to be taken by the patient in response to prognostication. Regrettably, the usual decision-theoretic approach ignores this latter aspect. Elicitation of utilities, decision contemplation and prognostic counselling interweave, diagnostics playing a subsidiary role in decision-oriented clinical practice. At times the (...)
     
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  42.  49
    Detecting heterogeneous risk attitudes with mixed gambles.Luís Santos-Pinto, Adrian Bruhin, José Mata & Thomas Åstebro - 2015 - Theory and Decision 79 (4):573-600.
    We propose a task for eliciting attitudes toward risk that is close to real-world risky decisions which typically involve gains and losses. The task consists of accepting or rejecting gambles that provide a gain with probability p\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$p$$\end{document} and a loss with probability 1-p\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$1-p$$\end{document}. We employ finite mixture models to uncover heterogeneity in risk preferences and find that behavior is heterogeneous, with one half (...)
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  43. Hume's Labyrinth: A Search for the Self.Alan Schwerin - 2012 - Newcastle upon Tyne: Cambridge Scholars Press.
    In his magnum opus, David Hume asserts that a person is “nothing but a bundle or collection of different perceptions, which succeed each other with an inconceivable rapidity, and are in a perpetual flux and movement.” (Treatise 252) Hume is clearly proud of his bold thesis, as is borne out by his categorical arguments and analyses on the self. Contributions like this will, in his opinion, help establish a new science of human nature, “which will not be inferior in certainty, (...)
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  44.  23
    Moral Self-Signaling Benefits of Effortful Cause Marketing Campaigns.Argiro Kliamenakis & H. Onur Bodur - 2024 - Journal of Business Ethics 190 (2):371-398.
    A popular form of cause marketing (CM) that has recently emerged is one requiring the consumer to perform a prescribed behavior—such as providing a product review or uploading a picture on social media alongside a hashtag—to trigger a donation from the firm to the charitable cause. While this approach may be engaging, its effectiveness in eliciting positive consumer responses toward the brand remains uncertain when compared to conventional forms of CM. The current research uses a moral self-signaling framework to examine (...)
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  45. Discounting, Preferences, and Paternalism in Cost-Effectiveness Analysis.Gustav Tinghög - 2012 - Health Care Analysis 20 (3):297-318.
    When assessing the cost effectiveness of health care programmes, health economists typically presume that distant events should be given less weight than present events. This article examines the moral reasonableness of arguments advanced for positive discounting in cost-effectiveness analysis both from an intergenerational and an intrapersonal perspective and assesses if arguments are equally applicable to health and monetary outcomes. The article concludes that behavioral effects related to time preferences give little or no reason for why society at large should favour (...)
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  46.  33
    Risk preferences of Australian academics: where retirement funds are invested tells the story.Pavlo R. Blavatskyy - 2016 - Theory and Decision 80 (3):411-426.
    Risk preferences of Australian academics are elicited by analyzing the aggregate distribution of their retirement funds across available investment options. Not more than 10 % of retirement funds are invested as if their owners maximize expected utility under the assumption of constant relative risk aversion with an empirically plausible level of risk aversion. An implausibly high level of risk aversion is required to rationalize any investment into bonds when stocks are available. Not more than 36.54 % of all investments (...)
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    Behavioral Assessment of Aquatic Pollutants.Craig Steele - 2013 - Ethics, Policy and Environment 16 (2):177 - 187.
    Animal behavior is the link between organisms and their environment and is critical for biological adaptation. Despite many studies demonstrating the sensitivity and utility of behavioral endpoints in bioassays assessing potential pollutant effects in aquatic ecosystems, behavioral toxicity testing has not, historically, been included routinely in assessments of aquatic toxicity and subsequent environmental policy formulation. The results of behavioral risk assessments may allow behavioral toxicologists to demonstrate that a chemical is not merely a potential hazard, but that it elicits (...)
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    Agapic friendship.Sharon E. Sytsma - 2003 - Philosophy and Literature 27 (2):428-435.
    In lieu of an abstract, here is a brief excerpt of the content:Philosophy and Literature 27.2 (2003) 428-435 [Access article in PDF] Agapic Friendship Sharon E. Sytsma ARISTOTLE CATEGORIZED FRIENDSHIP into three types: friendships of pleasure, friendships of utility, and complete (perfect or true) friendships (1156a5-10). 1 The thesis developed here is that Aristotle neglects an important kind of friendship. Various aspects of his theory of friendship have been challenged, but no one has charged that his categorization is incomplete. (...)
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    Escaping the Shadow.Ryan Lam - 2022 - Voices in Bioethics 8.
    Photo by Karl Raymund Catabas on Unsplash “After Buddha was dead, they still showed his shadow in a cave for centuries – a tremendous, gruesome shadow. God is dead; but given the way people are, there may still for millennia be caves in which they show his shadow. – And we – we must still defeat his shadow as well!” – Friedrich Nietzsche[1] INTRODUCTION Friedrich Nietzsche famously declared that “God is dead!”[2] but lamented that his contemporaries remained living in the (...)
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    Debiasing or regularisation? Two interpretations of the concept of ‘true preference’ in behavioural economics.Robert Sugden - 2022 - Theory and Decision 92 (3-4):765-784.
    I reconsider Bleichrodt, Pinto Prades and Wakker’s 2001 paper about eliciting utility measures from stated preference surveys. That paper pioneers a method that is now widely used in behavioural economics to correct individuals’ ‘biases’ and to recover their ‘true preferences’. However, BPW propose this method as way of dealing with inconsistent responses to stated preference surveys, in contrast to more recent applications which aim to help individuals to avoid supposed mistakes in their private choices. I argue that the concepts (...)
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