BACKGROUND Cost-effectiveness analysis traditionally focuses on identifying when treatments are cost-effective based on their average benefits and costs in the population. However, there may be considerable value in identifying when treatments are cost-effective for individual patients given their preferences or other personal attributes. OBJECTIVES To present a theoretical framework to asses...

Standard models of agency theory typically assume that the principal has considerable information about the preferences of the agent. Once this assumption is relaxed, the question arises whether the principal should try to obtain additional information about the agent’s preferences. In this paper we introduce the concept of a Value of Preference Information (VPI), which describes the benefits t...

Cooperative behavior depends in part on a preference for equitable outcomes. Recent research in behavioral economics assesses variables that influence adult concerns for equity, but few studies to date investigate the emergence of equitable behavior in children using similar economic games. We tested 288 3to 6-year olds in an anonymous Dictator Game to assess how the value of the currency used ...

A theory of choice is paramount in all the domains of cognition requiring behav-ioural output, from perceptual choice in simple psychophysical tasks to motiva-tional value-based choice, often labelled as preferential choice and which is exhibited in daily decision-making. Until recently, these two classes of choice have been the subject of intensive but separate investigations, within different...

This paper is devoted to construction of fuzzy preference relations and to showing how this construction is connected with Lukasiewicz filters and TL-evaluators. We will study also extensions of Lukasiewicz filters on subsets of some X 6= ∅ to TL-evaluators on the system (lattice) of fuzzy functions f : X → [0, 1].

In decision making, in order to avoid misleading solutions, the study of consistency when the decision makers express their opinions by means of preference relations becomes a very important aspect in order to avoid misleading solutions. In decision making problems based on fuzzy preference relations the study of consistency is associated with the study of the transitivity property. In this pap...

Consistency of preference relations is associated with the study of the transitivity property. In this paper, we analyze the properties to be verified by a function, T , in order to obtain the value of preference of the alternative xi over the alternative xk when we already have the values of the preference of xi over xj , and of xj over xk. As a consequence, we define T -additive transitivity ...

In preference-based argumentation theory, an argument may be preferred to another one when, for example, it is more specific, its beliefs have a higher probability or certainty, or it promotes a higher value. In this paper we generalize Bench-Capon’s value-based argumentation theory such that arguments can promote multiple values, and preferences among values or arguments can be specified in va...

Industrial Engineering is a broad multidisciplinary field with intersections and applications in numerous areas. When designing a product, it is important to determine the appropriate attributes of value and the preference function for which the product is optimized. This paper provides some guidelines on appropriate selection of attributes for preference and value functions for engineering des...

This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper fishing in the Gulf of Mexico. This recreational red snapper valuation is decomposed into its direct and indirect components. As expected, t...