Influenced from the start: anchoring bias in time trade-off valuations
نویسندگان
چکیده
منابع مشابه
Probability and Time Trade-Off
P and time are integral dimensions of virtually any decision. To treat them together, we consider the prospect of receiving outcome x with a probability p at time t. We define risk and time distance, and show that if these two distances are traded off linearly, then preferences are characterized by three functions: a value function, a probability discount rate function, and a psychological dist...
متن کاملThe validity of time trade-off values in calculating QALYs: constant proportional time trade-off versus the proportional heuristic.
In order to calculate quality adjusted life years (QALYs) from time trade-off (TTO) responses, individual preferences are required to satisfy the constant proportional time trade-off (CPTTO) assumption. Respondents who use a simple proportional heuristic may appear to satisfy CPTTO but will in fact generate preference reversals for states that are associated with a maximal endurable time (MET)....
متن کاملA multi-objective resource-constrained optimization of time-cost trade-off problems in scheduling project
This paper presents a multi-objective resource-constrained project scheduling problem with positive and negative cash flows. The net present value (NPV) maximization and making span minimization are this study objectives. And since this problem is considered as complex optimization in NP-Hard context, we present a mathematical model for the given problem and solve three evolutionary algorithms;...
متن کاملBias-variance trade-off for prequential model list selection
The prequential approach to statistics leads naturally to model list selection because the sequential reformulation of the problem is a guided search over model lists drawn from a model space. That is, continually updating the action space of a decision problem to achieve optimal prediction forces the collection of models under consideration to grow neither too fast nor too slow to avoid excess...
متن کاملAnchoring Bias in Online Voting
Voting online with explicit ratings could largely reflect people’s preferences and objects’ qualities, but ratings are always irrational, because they may be affected by many unpredictable factors like mood, weather, as well as other people’s votes. By analyzing two real systems, this paper reveals a systematic bias embedding in the individual decision-making processes, namely people tend to gi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Quality of Life Research
سال: 2016
ISSN: 0962-9343,1573-2649
DOI: 10.1007/s11136-016-1266-x