Contemporary urban areas are complex economic and transportation systems having a structured land use pattern. The utility value of land use is a measurement unit of the value of a specific land use zone in relation to the whole economic system. It is the effective economic output value of land use and it is defined according to concepts of accessibility level, economic level and spatial intera...

Two studies tested how participants' responses to utility value interventions and subsequent interest in a math technique vary by culture (Westerners vs. East Asians) and levels of initial math interest. Participants in Study 1 were provided with information about the utility value of the technique or not. The manipulation was particularly effective for East Asian learners with initially lower ...

OBJECTIVES The utility value attributed to taking pills for prevention can have a major effect on the cost-effectiveness of interventions, but few published studies have systematically quantified this value. We sought to quantify the utility value of taking pills used for prevention of cardiovascular disease (CVD). DESIGN Cross-sectional survey. SETTING Central North Carolina. PARTICIPANT...

We present a preference foundation for Chance Theory (CT), a model of decision making under uncertainty where the evaluation of an act depends distinctively on its lowest outcome. This outcome is evaluated with the riskless value function  and the potential increments over it are evaluated by subjective expected utility with a risky utility function . In contrast to earlier approaches with mo...

In this article, our objective is to determine efficient allocations in economies with multiple agents having recursive utility functions. Our main result is to show that in a multiagent economy, the problem of determining efficient allocations can be characterized in terms of a single value function (that of a social planner), rather than multiple value functions (one for each investor), as ha...

When making choices under uncertainty, people usually consider both the expected value and risk of each option, and choose the one with the higher utility. Expected value increases the expected utility of an option for all individuals. Risk increases the utility of an option for risk-seeking individuals, but decreases it for risk averse individuals. In 2 separate experiments, one involving impe...

Enterprise systems have taken full advantage of Information Technology (IT) and Information Systems (IS) to innovate and to create business value. The principal business value for system is utility. System utility is a complex factor that has many contributing variables and the resultant of business value. The metrics of utility are measures such as up-time, customer satisfaction, and so on. In...

S: Turongkaravee S. Cost utility analysis of cholinesterase inhibitors in the treatment of mild to moderate Alzheimer’s disease. Value in Health 2010;13(7):A502. Permsuwan U, Niwatananun W, Pimkrai A. Cost-utility analysis of donepezil for the treatment of Alzheimer’s disease in Thailand. Value in Health 2012;15:A648.

Modern economic theories of value derive from expected utility theory. Behavioral evidence points strongly toward departures from linear value weighting, which has given rise to alternative formulations that include prospect theory and rank-dependent utility theory. Many of the nonlinear forms for value assumed by these theories can be derived from the assumption that value is signaled by neuro...