Characterization of trade-off preferences between non-functional properties

Characterization of trade-off preferences between non-functional properties

Efficient design and evolution of complex software intensive systems rely on the ability to make informed decisions as early as possible in the life cycle. Such informed decisions should take both the intended functional and nonfunctional properties into account. Especially regarding the latter, it is both necessary to be able to predict properties and to prioritize them according to well-defin...

The Trade-off between money and time: A test of the theory of reference-dependent preferences

We formulate a model of reference-dependent preferences based on the marginal rate of substitution at the reference-point of a reference-free utility function. Using binary choices on the trade-off between money and travel time, reference-dependence is captured by value functions that are centered at the reference. The model predicts a directly testable relationship among four commonly used val...

Women’s Preferences for Men’s Facial Masculinity: Trade-Off Accounts Revisited

Studies on mate preferences have demonstrated that women’s perception of male attractiveness is sensitive to men’s facial masculinity, and that women’s preferences for facial masculinity are subject to individual differences, such as own condition. These individual differences have been linked to potential tradeoffs that women face given the hypothesized benefits and costs that masculinity may ...

Reference-Dependent Preferences and the Risk-Return Trade-off*

This paper studies the cross-sectional risk-return trade-off in the stock market. A fundamental principle in finance is the positive relation between risk and expected return, whereas recent empirical evidence suggests the opposite. We apply referencedependent preferences to shed light on this violation. Reference-dependent preferences (e.g., prospect theory) typically posit that when facing pr...

Are EU non - reciprocal trade preferences passé ?