Aggregation of preferences in attitude scales

2021 ◽  
pp. 2150026
Author(s):  
Svetlana O. Smerchinskaya ◽  
Nina P. Yashina
Keyword(s):  
Decision Making ◽  
Minimum Distance ◽  
Pairwise Comparison ◽  
Quality Criteria ◽  
Collective Choice ◽  
The Other ◽  
Software System ◽  
Aggregation Of Preferences ◽  
Start Up ◽  
Attitude Scales

The problem of decision-making when evaluating alternatives according to several quality criteria is considered. Information is used about the pairwise comparison of alternatives by criteria: how many times one alternative is preferable to the other. The criteria may have nonuniform scales. The method to form preferences matrices for representing numerical estimates of alternatives in attitude scales is proposed. The properties of the constructed relation are investigated. The algorithms for constructing the relation with the minimum distance from the preferences by criteria are developed. An algorithm for constructing an aggregated relation based on the summation of preferences by criteria is developed. Aggregate relation depends on the method of specifying the distance between the matrices of preferences. The proposed algorithms for constructing an aggregated relation can use coefficients of importance of criteria. The method can be applied in collective choice problems when assigning estimates to alternatives by experts. A comparison of the proposed algorithms with each other and with known decision-making methods is carried out. The software system of multi-criteria choice is developed. The task of choosing start-up projects for the purpose of investing by a venture fund has been solved.

scholarly journals Cognitive Biases in Critical Decisions Facing SME Entrepreneurs: An External Accountants’ Perspective

2020 ◽  
Vol 10 (4) ◽  
pp. 89
Author(s):  
Arno Nuijten ◽  
Nick Benschop ◽  
Antoinette Rijsenbilt ◽  
Kristinka Wilmink
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Cognitive Biases ◽  
Regulatory Compliance ◽  
The Other ◽  
Third Party ◽  
Research And Practice ◽  
Extant Literature ◽  
Start Up ◽  
Medium Enterprise

Decisions by small and medium enterprise (SME) entrepreneurs are plagued by a variety of cognitive biases. Extant literature has mainly focused on a limited number of important biases (e.g., overconfidence) in a handful of important entrepreneurial decisions (e.g., start-up, market entry or exit). However, putting the spotlight on a few important biases and entrepreneurial decisions could leave other important biases and decisions underexposed. SME accountants are in a unique position to shed a broader light on this issue. SME entrepreneurs often seek advice of their accountants when they struggle with decisions that involve uncertainty and business risks in the domains of strategy, regulatory compliance, human resources, IT, and succession. In this study, we explore 12 different biases and analyze whether their importance can change across these decision domains. Interviews were performed with 14 SME accountants who provide an independent third-party view on decision making by over 3000 entrepreneurs. Our findings suggest that the importance of most of these biases varies from one decision domain to the other. We also identified four approaches (warn, inform, intervene, and coach) that accountants can take when entrepreneurs may fall victim to biases. We discuss the implications for research and practice of SME entrepreneurs and their accountants.

A Bird in the Hand Isn’t Good for Long

2018 ◽  
Vol 65 (1) ◽  
pp. 23-31 ◽  
Author(s):  
Stefan Scherbaum ◽  
Simon Frisch ◽  
Maja Dshemuchadse
Keyword(s):  
Decision Making ◽  
Cognitive Control ◽  
The Other ◽  
Decision Task ◽  
Short Term ◽  
Additional Time ◽  
Control Processes ◽  
Folk Wisdom ◽  
Study Participants ◽  
Insight Into

Abstract. Folk wisdom tells us that additional time to make a decision helps us to refrain from the first impulse to take the bird in the hand. However, the question why the time to decide plays an important role is still unanswered. Here we distinguish two explanations, one based on a bias in value accumulation that has to be overcome with time, the other based on cognitive control processes that need time to set in. In an intertemporal decision task, we use mouse tracking to study participants’ responses to options’ values and delays which were presented sequentially. We find that the information about options’ delays does indeed lead to an immediate bias that is controlled afterwards, matching the prediction of control processes needed to counter initial impulses. Hence, by using a dynamic measure, we provide insight into the processes underlying short-term oriented choices in intertemporal decision making.

Mental Contrasting of Future and Reality

2010 ◽  
Vol 9 (3) ◽  
pp. 138-144 ◽  
Author(s):  
Gabriele Oettingen ◽  
Doris Mayer ◽  
Babette Brinkmann
Keyword(s):  
Decision Making ◽  
Everyday Life ◽  
Brief Intervention ◽  
Middle Level ◽  
The Other ◽  
Metacognitive Strategy ◽  
Mental Contrasting ◽  
Low Expectations

Mental contrasting of a desired future with present reality leads to expectancy-dependent goal commitments, whereas focusing on the desired future only makes people commit to goals regardless of their high or low expectations for success. In the present brief intervention we randomly assigned middle-level managers (N = 52) to two conditions. Participants in one condition were taught to use mental contrasting regarding their everyday concerns, while participants in the other condition were taught to indulge. Two weeks later, participants in the mental-contrasting condition reported to have fared better in managing their time and decision making during everyday life than those in the indulging condition. By helping people to set expectancy-dependent goals, teaching the metacognitive strategy of mental contrasting can be a cost- and time-effective tool to help people manage the demands of their everyday life.

Penilaian Kinerja Dosen Dengan Menggunakan Metode AHP Studi Kasus di STIE Ahmad Dahlan Jakarta

Liquidity ◽  
2018 ◽  
Vol 2 (1) ◽  
pp. 100-109
Author(s):  
Ellya Sestri
Keyword(s):  
Decision Making ◽  
Performance Appraisal ◽  
Technological Progress ◽  
Pairwise Comparison ◽  
Relative Importance ◽  
Faculty Performance ◽  
Business World ◽  
The Face ◽  
Hierarchy Process ◽  
Rule Out

An increasingly rapid technological progress in the era of globalization in the business world, so do not rule out the possibility that a decision-making is something that is very vital in determining the decisions to be taken in the face of competitive business world. Decision making can be influenced by several aspects, this can affect the speed of decision making by the decision maker in which decisions must be quick and accurate. Lecturer Performance Assessment Using the Analytical Hierarchy Process is a decision support system that aims to assess faculty performance according to certain criteria. This system of faculty performance appraisal criteria to map a hierarchy, where each hierarchy will be performed pairwise comparison, the pairwise comparisons between criteria, so to get a comparison of the relative importance of criteria with each other. The results of this comparison is then analyzed to obtain the priority of each criterion. Once completed and performed an assessment of alternative options to be compared and calculated to obtain the best alternatives according to established criteria.

On Moderate Fuzzy Analytic Hierarchy Process Pairwise Comparison Model With Subcriteria

2016 ◽  
Vol 2 (3) ◽  
pp. 54
Author(s):  
G. Marimuthu ◽  
G. Ramesh
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Fuzzy Ahp ◽  
Pairwise Comparison ◽  
Decision Models ◽  
Fuzzy Analytic Hierarchy Process ◽  
Analysis Method ◽  
Analytic Hierarchy ◽  
Comparison Model ◽  
Hierarchy Process

Decisions usually involve the getting the best solution, selecting the suitable experiments, most appropriate judgments, taking the quality results etc., using some techniques.  Every decision making can be considered as the choice from the set of alternatives based on a set of criteria.  The fuzzy analytic hierarchy process is a multi-criteria decision making and is dealing with decision making problems through pairwise comparisons mode [10].  The weight vectors from this comparison model are obtained by using extent analysis method.  This paper concern with an alternate method of finding the weight vectors from the original fuzzy AHP decision model (moderate fuzzy AHP model), that has the same rank as obtained in original fuzzy AHP and ideal fuzzy AHP decision models.

Care Ethics: A Concept in Search of a Framework

1995 ◽  
Vol 4 (1) ◽  
pp. 56-63 ◽  
Author(s):  
Erich H. Loewy
Keyword(s):  
Decision Making ◽  
Ethical Decision ◽  
Ethical Decision Making ◽  
Care Ethics ◽  
Healthcare Setting ◽  
The Other ◽  
Care Ethic ◽  
The Relationship

In this paper, I want to try to put what has been termed the “care ethics” into a different perspective. While I will discuss primarily the use of that ethic or that term as it applies to the healthcare setting in general and to the deliberation of consultants or the function of committees more specifically, what I have to say is meant to be applicable to the problem of using a notion like “caring” as a fundamental precept in ethical decision making. I will set out to examine the relationship between theoretical ethics, justice-based reasoning, and care-based reasoning and conclude by suggesting not only that all are part of a defensible solution when adjudicating individual cases, but that these three are linked and can, in fact, be mutually corrective. I will claim that using what has been called “the care ethic” alone is grossly insufficient for solving individual problems and that the term can (especially when used without a disciplined framework) be extremely dangerous. I will readily admit that while blindly using an approach based solely on theoretically derived principles is perhaps somewhat less dangerous, it is bound to be sterile, unsatisfying, and perhaps even cruel in individual situations. Care ethics, as I understand the concept, is basically a non- or truly an anti-intellectual kind of ethic in that it tries not only to value feeling over thought in deliberating problems of ethics, but indeed, would almost entirely substitute feeling for thought. Feeling when used to underwrite undisciplined and intuitive action without theory has no head and, therefore, no plan and no direction; theory eventuating in sterile rules and eventually resulting in action heedlessly based on such rules lacks humanity and heart. Neither one nor the other is complete in itself. There is no reason why we necessarily should be limited to choosing between these two extremes.

Pairwise Elicitation for a Decision Support Framework to Develop a Flood Risk Response Plan

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
MiguelAndres Guerra ◽  
Yekenalem Abebe
Keyword(s):  
Decision Making ◽  
Flood Risk ◽  
Flood Hazard ◽  
Addis Ababa ◽  
Pairwise Comparison ◽  
Multicriteria Decision Making ◽  
Risk Response ◽  
Hazard And Risk ◽  
Response Plan ◽  
Decision Making Framework

There are several ways of quantifying flood hazard. When the scale of the analysis is large, flood hazard simulation for an entire city becomes costly and complicated. The first part of this paper proposes utilizing experience and knowledge of local experts about flood characteristics in the area in order to come up with a first-level flood hazard and risk zoning maps, by implementing overlay operations in Arc GIS. In this step, the authors use the concept of pairwise comparison to eliminate the need for carrying out a complicated simulation to quantify flood hazard and risk. The process begins with identifying the main factors that contribute to flooding in a particular area. Pairwise comparison was used to elicit knowledge from local experts and assigned weights for each factor to reflect their relative importance toward flood hazard and risk. In the second part of this paper, the authors present a decision-making framework to support a flood risk response plan. Once the highest risk zones have been identified, a city can develop a risk response plan, for which this paper presents a decision-making framework to select an effective set of alternatives. The framework integrates tools from multicriteria decision-making, charrette design process to guide the pairwise elicitation, and a cost-effective analysis to include the limited budget constraint for any city. The theoretical framework uses the city of Addis Ababa for the first part of the paper. For the second part, the paper utilizes a hypothetical case of Addis Ababa and a mock city infrastructure department to illustrate the implementation of the framework.

scholarly journals Theology at Thresholds: Learning from a Practice ‘In Transition’

2017 ◽  
Vol 4 (1) ◽  
pp. 45-62 ◽  
Author(s):  
Rachel Muers ◽  
Rhiannon Grant
Keyword(s):  
Decision Making ◽  
The Other ◽  
Small Scale ◽  
Theological Ethics ◽  
Reciprocal Influence ◽  
Core Practices ◽  
Recent Developments ◽  
Collective Process ◽  
The One ◽  
Over Time

Recent developments in contemporary theology and theological ethics have directed academic attention to the interrelationships of theological claims, on the one hand, and core community-forming practices, on the other. This article considers the value for theology of attending to practice at the boundaries, the margins, or, as we prefer to express it, the threshold of a community’s institutional or liturgical life. We argue that marginal or threshold practices can offer insights into processes of theological change – and into the mediation between, and reciprocal influence of, ‘church’ and ‘world’. Our discussion focuses on an example from contemporary British Quakerism. ‘Threshing meetings’ are occasions at which an issue can be ‘threshed out’ as part of a collective process of decision-making. Drawing on a 2015 small-scale study (using a survey and focus group) of British Quaker attitudes to and experiences of threshing meetings, set in the wider context of Quaker tradition, we interpret these meetings as a space for working through – in context and over time – tensions within Quaker theology, practice and self-understandings, particularly those that emerge within, and in relation to, core practices of Quaker decision-making.

Lessing's Treatment of the Story of the Ring, and its Teaching

PMLA ◽  
1901 ◽  
Vol 16 (1) ◽  
pp. 107-116
Author(s):  
W. H. Carruth
Keyword(s):  
Decision Making ◽  
The Other ◽  
Outward Appearance ◽  
Final Version ◽  
Good Works ◽  
Relative Value ◽  
Healing Power ◽  
Divine Origin ◽  
The One ◽  
Point Of Departure

In Westermann's Monatshefte for January, 1891, and later in his ‘Life of Lessing,‘ Professor Erich Schmidt has outlined the chief features of the history and transformations of the story of the three rings in Europe. On examination it will be found that all the versions of the story belong to one or the other of two types, which are represented by the two earliest forms of the story preserved to us. The oldest version, that of the Spanish Jew Salomo ben Verga, tells of two rings or jewels only, which were in outward appearance exactly alike, and there is no question of one being genuine and the other false, but only of the relative value of the two. In the absence of the father it is found impossible to decide the question, and thus the decision between Christianity and Judaism is simply avoided. In Li Dis dou vrai aniel, a French poem of the end of the twelfth century, three rings appear, and to the original or genuine ring is attributed a marvelous healing power by which it may be recognized, and following which a decision is arrived at among the three religions, in this case in favor of Christianity, although ther were not wanting later narrators so bold as to hint that the true ring was possessed by Judaism. The version of Etienne de Bourbon, the versions of the Cento Novelle, the three versions of the Gesta Romanorum, all belong to one or the other of two types. We may refer to these two types as the Spanish type and the French type. Those of the first type, to which belongs also the version of Boccaccio, the one from which Lessing took his point of departure, avoid a decision, implying that all religions are equally authoritative, but without inherent or inner evidence of their quality. Those of the second type, to which in many of its features Lessing's final version of the story is allied, lead to a decision, making religion of divine origin indeed, but supplying a test, that of good works, whereby the true religion may be recognized.

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