Skip to main content
Erschienen in: Progress in Artificial Intelligence 3/2017

04.03.2017 | Regular Paper

Preference stability along time: the time cohesiveness measure

verfasst von: T. González-Artega, R. de Andrés Calle, M. Peral

Erschienen in: Progress in Artificial Intelligence | Ausgabe 3/2017

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This work introduces a non-traditional perspective about the problem of measuring the stability of agents’ preferences. Specifically, the cohesiveness of preferences at different moments of time is explored under the assumption of considering dichotomous evaluations. The general concept of time cohesiveness measure is introduced as well as a particular formulation based on the consideration of any two successive moments of time, the sequential time cohesiveness measure. Moreover, some properties of the novel measure are also provided. Finally, and in order to emphasize the adaptability of our proposal to real situations, a factual case of study about clinical decision-making is presented. Concretely, the study of preference stability for life-sustaining treatments of patients with advanced cancer at end of life is analysed. The research considers patients who express their opinions on three life-sustaining treatments at four consecutive periods of time. The novel measure provides information of patients preference stability along time and considers the possibility of cancer metastases.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Literatur
1.
2.
Zurück zum Zitat Alcantud, J., de Andrés Calle, R., Cascón, J.: On measures of cohesiveness under dichotomous opinions: some characterizations of approval consensus measures. Inf. Sci. 240, 45–55 (2013)MathSciNetCrossRefMATH Alcantud, J., de Andrés Calle, R., Cascón, J.: On measures of cohesiveness under dichotomous opinions: some characterizations of approval consensus measures. Inf. Sci. 240, 45–55 (2013)MathSciNetCrossRefMATH
3.
Zurück zum Zitat Alcantud, J., de Andrés Calle, R., Cascón, J.: Pairwise dichotomous cohesiveness measures. Group Decis. Negot. 24(5), 833–854 (2015)CrossRef Alcantud, J., de Andrés Calle, R., Cascón, J.: Pairwise dichotomous cohesiveness measures. Group Decis. Negot. 24(5), 833–854 (2015)CrossRef
4.
Zurück zum Zitat Anderson, L., Mellor, J.: Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure. J. Risk Uncertain. 39(2), 137–160 (2009)CrossRef Anderson, L., Mellor, J.: Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure. J. Risk Uncertain. 39(2), 137–160 (2009)CrossRef
5.
Zurück zum Zitat Beland, D.K., Froman, R.D.: Preliminary validation of a measure of life support preferences. J. Nurs. Scholarsh. 27(4), 307–310 (1995)CrossRef Beland, D.K., Froman, R.D.: Preliminary validation of a measure of life support preferences. J. Nurs. Scholarsh. 27(4), 307–310 (1995)CrossRef
6.
Zurück zum Zitat Bosch, R.: Characterizations of voting rules and consensus measures. Ph.D. thesis, Tilburg University (2005) Bosch, R.: Characterizations of voting rules and consensus measures. Ph.D. thesis, Tilburg University (2005)
7.
Zurück zum Zitat Brandts, J., Charness, G.: Hot vs. cold: sequential responses and preference stability in experimental games. Exp. Econ. 2(3), 227–238 (2000)CrossRefMATH Brandts, J., Charness, G.: Hot vs. cold: sequential responses and preference stability in experimental games. Exp. Econ. 2(3), 227–238 (2000)CrossRefMATH
8.
Zurück zum Zitat Brouwer, R.: Constructed preference stability: a test-retest. J. Environ. Econ. Policy 1(1), 70–84 (2012)CrossRef Brouwer, R.: Constructed preference stability: a test-retest. J. Environ. Econ. Policy 1(1), 70–84 (2012)CrossRef
9.
Zurück zum Zitat Cameron, L., Shah, M.: Risk-taking behavior in the wake of natural disasters. J. Hum. Resour. 50(2), 484–515 (2015)CrossRef Cameron, L., Shah, M.: Risk-taking behavior in the wake of natural disasters. J. Hum. Resour. 50(2), 484–515 (2015)CrossRef
10.
Zurück zum Zitat Carlsson, F., Johansson-Stenman, O., Nam, P.: Social preferences are stable over long periods of time. J. Publ. Econ. 117, 104–114 (2014)CrossRef Carlsson, F., Johansson-Stenman, O., Nam, P.: Social preferences are stable over long periods of time. J. Publ. Econ. 117, 104–114 (2014)CrossRef
11.
Zurück zum Zitat Chuang, Y., Schechter, L.: Stability of experimental and survey measures of risk, time, and social preferences: a review and some new results. J. Dev. Econ. 117, 151–170 (2015)CrossRef Chuang, Y., Schechter, L.: Stability of experimental and survey measures of risk, time, and social preferences: a review and some new results. J. Dev. Econ. 117, 151–170 (2015)CrossRef
12.
Zurück zum Zitat Doyle, J.: Survey of time preference, delay discounting models. Judgm. Decis. Mak. 8(2), 116–135 (2013)MathSciNet Doyle, J.: Survey of time preference, delay discounting models. Judgm. Decis. Mak. 8(2), 116–135 (2013)MathSciNet
13.
Zurück zum Zitat Finkelstein, E.A., Bilger, M., Flynn, T.N., Malhotra, C.: Preferences for end-of-life care among community-dwelling older adults and patients with advanced cancer: a discrete choice experiment. Health Policy 119(11), 1482–1489 (2017) Finkelstein, E.A., Bilger, M., Flynn, T.N., Malhotra, C.: Preferences for end-of-life care among community-dwelling older adults and patients with advanced cancer: a discrete choice experiment. Health Policy 119(11), 1482–1489 (2017)
14.
Zurück zum Zitat García-Lapresta, J.L., Pérez-Román, D.: Measuring consensus in weak orders. In: Herrera-Viedma, E., García-Lapresta, J.L., Kacprzyk, J., Fedrizzi, M., Nurmi, H., Zadrozny, S. (eds.) Consensual Processes, Studies in Fuzziness and Soft Computing, vol. 267, pp. 213–234. Springer, Berlin (2011) García-Lapresta, J.L., Pérez-Román, D.: Measuring consensus in weak orders. In: Herrera-Viedma, E., García-Lapresta, J.L., Kacprzyk, J., Fedrizzi, M., Nurmi, H., Zadrozny, S. (eds.) Consensual Processes, Studies in Fuzziness and Soft Computing, vol. 267, pp. 213–234. Springer, Berlin (2011)
15.
Zurück zum Zitat Gerrans, P., Faff, R., Hartnett, N.: Individual financial risk tolerance and the global financial crisis. Account. Financ. 55(1), 165–185 (2015)CrossRef Gerrans, P., Faff, R., Hartnett, N.: Individual financial risk tolerance and the global financial crisis. Account. Financ. 55(1), 165–185 (2015)CrossRef
16.
Zurück zum Zitat González-Arteaga, T., Alcantud, J., de Andrés Calle, R.: A cardinal dissensus measure based on the Mahalanobis distance. Eur. J. Oper. Res. 251(2), 575–585 (2016)MathSciNetCrossRefMATH González-Arteaga, T., Alcantud, J., de Andrés Calle, R.: A cardinal dissensus measure based on the Mahalanobis distance. Eur. J. Oper. Res. 251(2), 575–585 (2016)MathSciNetCrossRefMATH
17.
Zurück zum Zitat González-Pachón, J., Romero, C.: Aggregation of ordinal and cardinal preferences: a framework based on distance functions. J. Multi-Criteria Decis. Anal. 15(3–4), 79–85 (2009) González-Pachón, J., Romero, C.: Aggregation of ordinal and cardinal preferences: a framework based on distance functions. J. Multi-Criteria Decis. Anal. 15(3–4), 79–85 (2009)
18.
Zurück zum Zitat González-Pachón, J., Romero, C., Díaz-Balteiro, L.: How to combine inconsistent ordinal and cardinal preferences: a satisficing modelling approach. Comput. Ind. Eng. 67, 168–172 (2014) González-Pachón, J., Romero, C., Díaz-Balteiro, L.: How to combine inconsistent ordinal and cardinal preferences: a satisficing modelling approach. Comput. Ind. Eng. 67, 168–172 (2014)
19.
Zurück zum Zitat Herrera-Viedma, E., Herrera, F., Chiclana, F.: A consensus model for multiperson decision making with different preference structures. IEEE Trans. Syst. Man Cybern. A Syst. Hum. 32(3), 394–402 (2002)CrossRefMATH Herrera-Viedma, E., Herrera, F., Chiclana, F.: A consensus model for multiperson decision making with different preference structures. IEEE Trans. Syst. Man Cybern. A Syst. Hum. 32(3), 394–402 (2002)CrossRefMATH
20.
Zurück zum Zitat Hoeffler, S., Ariely, D.: Constructing stable preferences: a look into dimensions of experience and their impact on preference stability. J. Consum. Psychol. 8(2), 113–139 (1999)CrossRef Hoeffler, S., Ariely, D.: Constructing stable preferences: a look into dimensions of experience and their impact on preference stability. J. Consum. Psychol. 8(2), 113–139 (1999)CrossRef
21.
Zurück zum Zitat Jakiela, P., Miguel, E., te Velde, V.: You’ve earned it: estimating the impact of human capital on social preferences. Exp. Econ. 18(3), 385–407 (2015)CrossRef Jakiela, P., Miguel, E., te Velde, V.: You’ve earned it: estimating the impact of human capital on social preferences. Exp. Econ. 18(3), 385–407 (2015)CrossRef
22.
Zurück zum Zitat Krupka, E., Stephens, M.: The stability of measured time preferences. J. Econ. Behav. Organ. 85(1), 11–19 (2013) Krupka, E., Stephens, M.: The stability of measured time preferences. J. Econ. Behav. Organ. 85(1), 11–19 (2013)
23.
Zurück zum Zitat Loewenstein, G., Read, D., Baumeister, R.F.: Economic and Psychological Perspectives of Intertemporal Choice. In: Time and Decision, Russell Sage Foundation. ISBN 1610443667, 9781610443661 (2003) Loewenstein, G., Read, D., Baumeister, R.F.: Economic and Psychological Perspectives of Intertemporal Choice. In: Time and Decision, Russell Sage Foundation. ISBN 1610443667, 9781610443661 (2003)
24.
Zurück zum Zitat Meier, S., Sprenger, C.: Temporal stability of time preferences. Rev. Econ. Stat. 97(2), 273–286 (2015)CrossRef Meier, S., Sprenger, C.: Temporal stability of time preferences. Rev. Econ. Stat. 97(2), 273–286 (2015)CrossRef
25.
Zurück zum Zitat Necker, S., Ziegelmeyer, M.: Household risk taking after the financial crisis. Q. Rev. Econ. Financ. 59, 141–160 (2016) Necker, S., Ziegelmeyer, M.: Household risk taking after the financial crisis. Q. Rev. Econ. Financ. 59, 141–160 (2016)
26.
Zurück zum Zitat Reynaud, A., Couture, S.: Stability of risk preference measures: results from a field experiment on french farmers. Theory Decis. 73(2), 203–221 (2012)MathSciNetCrossRef Reynaud, A., Couture, S.: Stability of risk preference measures: results from a field experiment on french farmers. Theory Decis. 73(2), 203–221 (2012)MathSciNetCrossRef
27.
Zurück zum Zitat Sahm, C.: How much does risk tolerance change? Q. J. Financ. 02(04), 1–38 (2012) Sahm, C.: How much does risk tolerance change? Q. J. Financ. 02(04), 1–38 (2012)
28.
Zurück zum Zitat Shen, A., Ball, A.: Preference stability belief as a determinant of response to personalized recommendations. J. Consum. Behav. 10(2), 71–79 (2011)CrossRef Shen, A., Ball, A.: Preference stability belief as a determinant of response to personalized recommendations. J. Consum. Behav. 10(2), 71–79 (2011)CrossRef
29.
Zurück zum Zitat Tang, S.T., Wen, F.H., Hsieh, C.H., Chou, W.C., Chang, W.C., Chen, J.S., Chiang, M.C.: Preferences for life-sustaining treatments and associations with accurate prognostic awareness and depressive symptoms in terminally ill cancer patients’ last year of life. J. Pain Symptom Manag. 51(1), 41–51 (2016)CrossRef Tang, S.T., Wen, F.H., Hsieh, C.H., Chou, W.C., Chang, W.C., Chen, J.S., Chiang, M.C.: Preferences for life-sustaining treatments and associations with accurate prognostic awareness and depressive symptoms in terminally ill cancer patients’ last year of life. J. Pain Symptom Manag. 51(1), 41–51 (2016)CrossRef
30.
Zurück zum Zitat Winter, L., Parker, B.: Current health and preferences for life-prolonging treatments: an application of prospect theory to end-of-life decision making. Soc. Sci. Med. 65(8), 1695–1707 (2007)CrossRef Winter, L., Parker, B.: Current health and preferences for life-prolonging treatments: an application of prospect theory to end-of-life decision making. Soc. Sci. Med. 65(8), 1695–1707 (2007)CrossRef
Metadaten
Titel
Preference stability along time: the time cohesiveness measure
verfasst von
T. González-Artega
R. de Andrés Calle
M. Peral
Publikationsdatum
04.03.2017
Verlag
Springer Berlin Heidelberg
Erschienen in
Progress in Artificial Intelligence / Ausgabe 3/2017
Print ISSN: 2192-6352
Elektronische ISSN: 2192-6360
DOI
https://doi.org/10.1007/s13748-017-0119-3

Weitere Artikel der Ausgabe 3/2017

Progress in Artificial Intelligence 3/2017 Zur Ausgabe