IDEAS home Printed from https://ideas.repec.org/a/inm/ordeca/v10y2013i2p99-102.html
   My bibliography  Save this article

From the Editors ---Group Decisions, Preference Elicitation, Experienced Utility, Survival Probabilities, and Portfolio Value of Information

Author

Listed:
  • Rakesh K. Sarin

    (Anderson School of Management, University of California, Los Angeles, Los Angeles, California 90095-1481)

  • L. Robin Keller

    (The Paul Merage School of Business, University of California, Irvine, Irvine, California 92697-3125)

Abstract

This “From the Editors” column is co-authored by Editor-in-Chief Rakesh K. Sarin and former Editor-in-Chief L. Robin Keller. Our first article, by Ralph L. Keeney, presents “Foundations for Group Decision Analysis.” The second article is “Toward an Improved Methodology to Construct and Reconcile Decision Analytic Preference Judgments” by Richard M. Anderson and Robert Clemen. Next, Manel Baucells and Rakesh K. Sarin discuss “Determinants of Experienced Utility: Laws and Implications.” The fourth paper, “Estimating Second Order Probability Beliefs from Subjective Survival Data,” is by Péter Hudomiet and Robert J. Willis. The final paper, by Kun Zan and J. Eric Bickel, is on “Components of Portfolio Value of Information.”

Suggested Citation

  • Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors ---Group Decisions, Preference Elicitation, Experienced Utility, Survival Probabilities, and Portfolio Value of Information," Decision Analysis, INFORMS, vol. 10(2), pages 99-102, June.
    • Handle: RePEc:inm:ordeca:v:10:y:2013:i:2:p:99-102
    DOI: 10.1287/deca.2013.0269
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/deca.2013.0269
    Download Restriction: no
    File URL: https://libkey.io/10.1287/deca.2013.0269?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kevin S. Ni & Daniel Faissol & Thomas Edmunds & Richard Wheeler, 2013. "Exploitation of Ambiguous Cues to Infer Terrorist Activity," Decision Analysis, INFORMS, vol. 10(1), pages 42-62, March.
    2. Péter Hudomiet & Robert J. Willis, 2013. "Estimating Second Order Probability Beliefs from Subjective Survival Data," Decision Analysis, INFORMS, vol. 10(2), pages 152-170, June.
    3. J. Eric Bickel, 2006. "Some Determinants of Corporate Risk Aversion," Decision Analysis, INFORMS, vol. 3(4), pages 233-251, December.
    4. Kun Zan & J. Eric Bickel, 2013. "Components of Portfolio Value of Information," Decision Analysis, INFORMS, vol. 10(2), pages 171-185, June.
    5. Ben Ewing & Erin Baker, 2009. "Development of a Green Building Decision Support Tool: A Collaborative Process," Decision Analysis, INFORMS, vol. 6(3), pages 172-185, September.
    6. Manel Baucells & Cristina Rata, 2006. "A Survey Study of Factors Influencing Risk-Taking Behavior in Real-World Decisions Under Uncertainty," Decision Analysis, INFORMS, vol. 3(3), pages 163-176, September.
    7. Manel Baucells & Rakesh K. Sarin, 2013. "Determinants of Experienced Utility: Laws and Implications," Decision Analysis, INFORMS, vol. 10(2), pages 135-151, June.
    8. Alexander Zimper, 2011. "Do Bayesians Learn Their Way Out of Ambiguity?," Decision Analysis, INFORMS, vol. 8(4), pages 269-285, December.
    9. Rachele Foschi & Fabio Spizzichino, 2012. "Interactions Between Ageing and Risk Properties in the Analysis of Burn-in Problems," Decision Analysis, INFORMS, vol. 9(2), pages 103-118, June.
    10. Richard M. Anderson & Robert Clemen, 2013. "Toward an Improved Methodology to Construct and Reconcile Decision Analytic Preference Judgments," Decision Analysis, INFORMS, vol. 10(2), pages 121-134, June.
    11. Martin S. Schilling & Nadine Oeser & Cornelius Schaub, 2007. "How Effective Are Decision Analyses? Assessing Decision Process and Group Alignment Effects," Decision Analysis, INFORMS, vol. 4(4), pages 227-242, December.
    12. Aurélien Baillon, 2008. "Eliciting Subjective Probabilities Through Exchangeable Events: An Advantage and a Limitation," Decision Analysis, INFORMS, vol. 5(2), pages 76-87, June.
    13. M. Elisabeth Paté-Cornell & Robin L. Dillon, 2006. "The Respective Roles of Risk and Decision Analyses in Decision Support," Decision Analysis, INFORMS, vol. 3(4), pages 220-232, December.
    14. Sarah K. Jacobi & Benjamin F. Hobbs, 2007. "Quantifying and Mitigating the Splitting Bias and Other Value Tree-Induced Weighting Biases," Decision Analysis, INFORMS, vol. 4(4), pages 194-210, December.
    15. Ralph L. Keeney, 2013. "Foundations for Group Decision Analysis," Decision Analysis, INFORMS, vol. 10(2), pages 103-120, June.
    16. Luis C. Dias & Paula Sarabando, 2012. "A Note on a Group Preference Axiomatization with Cardinal Utility," Decision Analysis, INFORMS, vol. 9(3), pages 231-237, September.
    17. Jesus Rios & David Rios Insua, 2009. "Supporting Negotiations over Influence Diagrams," Decision Analysis, INFORMS, vol. 6(3), pages 153-171, September.
    18. Robert F. Bordley, 2009. "Combining the Opinions of Experts Who Partition Events Differently," Decision Analysis, INFORMS, vol. 6(1), pages 38-46, March.
    19. James S. Dyer & Ralph F. Miles, 1976. "An Actual Application of Collective Choice Theory to the Selection of Trajectories for the Mariner Jupiter/Saturn 1977 Project," Operations Research, INFORMS, vol. 24(2), pages 220-244, April.
    20. J. Eric Bickel, 2008. "The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem," Decision Analysis, INFORMS, vol. 5(3), pages 116-128, September.
    21. Robin Gregory & Baruch Fischhoff & Tim McDaniels, 2005. "Acceptable Input: Using Decision Analysis to Guide Public Policy Deliberations," Decision Analysis, INFORMS, vol. 2(1), pages 4-16, March.
    22. Jeffrey Keisler, 2004. "Value of Information in Portfolio Decision Analysis," Decision Analysis, INFORMS, vol. 1(3), pages 177-189, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rakesh K. Sarin & L. Robin Keller, 2013. "From the Editors: Probability Approximations, Anti-Terrorism Strategy, and Bull's-Eye Display for Performance Feedback," Decision Analysis, INFORMS, vol. 10(1), pages 1-5, March.
    2. L. Robin Keller, 2009. "From the Editor..," Decision Analysis, INFORMS, vol. 6(3), pages 121-123, September.
    3. L. Robin Keller & Ali Abbas & Manel Baucells & Vicki M. Bier & David Budescu & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Ahti Salo & George Wu, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(4), pages 327-330, December.
      • L. Robin Keller & Manel Baucells & Kevin F. McCardle & Gregory S. Parnell & Ahti Salo, 2007. "From the Editors..," Decision Analysis, INFORMS, vol. 4(4), pages 173-175, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(4), pages 173-176, December.
      • L. Robin Keller & Manel Baucells & John C. Butler & Philippe Delquié & Jason R. W. Merrick & Gregory S. Parnell & Ahti Salo, 2009. "From the Editors ..," Decision Analysis, INFORMS, vol. 6(4), pages 199-201, December.
    4. L. Robin Keller & Kelly M. Kophazi, 2012. "From the Editors ---Copulas, Group Preferences, Multilevel Defenders, Sharing Rewards, and Communicating Analytics," Decision Analysis, INFORMS, vol. 9(3), pages 213-218, September.
    5. L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Enrico Diecidue & Robin L. Dillon-Merrill & Raimo P. Hämäläinen & Kenneth C. Lichtendahl & Jason R. W, 2012. "From the Editors ---Brainstorming, Multiplicative Utilities, Partial Information on Probabilities or Outcomes, and Regulatory Focus," Decision Analysis, INFORMS, vol. 9(4), pages 297-302, December.
    6. Jason R. W. Merrick & Fabrizio Ruggeri & Refik Soyer & L. Robin Keller, 2012. "From the Editors---Games and Decisions in Reliability and Risk," Decision Analysis, INFORMS, vol. 9(2), pages 81-85, June.
    7. L. Robin Keller, 2010. "From the Editor..," Decision Analysis, INFORMS, vol. 7(3), pages 235-237, September.
    8. Kun Zan & J. Eric Bickel, 2013. "Components of Portfolio Value of Information," Decision Analysis, INFORMS, vol. 10(2), pages 171-185, June.
    9. L. Robin Keller, 2008. "From the Editor..," Decision Analysis, INFORMS, vol. 5(3), pages 113-115, September.
    10. Tom Pape, 2020. "Value of agreement in decision analysis: Concept, measures and application," Papers 2012.13816, arXiv.org.
    11. Yucheng Dong & Yao Li & Ying He & Xia Chen, 2021. "Preference–Approval Structures in Group Decision Making: Axiomatic Distance and Aggregation," Decision Analysis, INFORMS, vol. 18(4), pages 273-295, December.
    12. Rakesh K. Sarin, 2013. "From the Editor —Optimal Betting, Reducing Unnecessary Mammography in Breast Cancer Diagnosis, Product Line Design, and Value of Information," Decision Analysis, INFORMS, vol. 10(3), pages 187-188, September.
    13. Pape, Tom, 2017. "Value of agreement in decision analysis: concept, measures and application," LSE Research Online Documents on Economics 68682, London School of Economics and Political Science, LSE Library.
    14. L. Robin Keller, 2011. "Investment and Defense Strategies, Heuristics, and Games: From the Editor ..," Decision Analysis, INFORMS, vol. 8(1), pages 1-3, March.
    15. Vilkkumaa, Eeva & Liesiö, Juuso & Salo, Ahti, 2014. "Optimal strategies for selecting project portfolios using uncertain value estimates," European Journal of Operational Research, Elsevier, vol. 233(3), pages 772-783.
    16. Yeawon Yoo & Adolfo R. Escobedo, 2021. "A New Binary Programming Formulation and Social Choice Property for Kemeny Rank Aggregation," Decision Analysis, INFORMS, vol. 18(4), pages 296-320, December.
    17. Gary J. Summers, 2021. "Friction and Decision Rules in Portfolio Decision Analysis," Decision Analysis, INFORMS, vol. 18(2), pages 101-120, June.
    18. L. Robin Keller & Kelly M. Kophazi, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(2), pages 151-154, June.
    19. Lahtinen, Tuomas J. & Hämäläinen, Raimo P., 2016. "Path dependence and biases in the even swaps decision analysis method," European Journal of Operational Research, Elsevier, vol. 249(3), pages 890-898.
    20. Ricardo J. G. Mateus & João C. Bana e Costa & Pedro Verga Matos, 2017. "Supporting Multicriteria Group Decisions with MACBETH Tools: Selection of Sustainable Brownfield Redevelopment Actions," Group Decision and Negotiation, Springer, vol. 26(3), pages 495-521, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ordeca:v:10:y:2013:i:2:p:99-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.