IDEAS home Printed from https://ideas.repec.org/a/inm/ordeca/v5y2008i1p1-4.html
   My bibliography  Save this article

From the Editor..

Author

Listed:
  • L. Robin Keller

    (Operations and Decision Technologies, The Paul Merage School of Business, University of California, Irvine, Irvine, California 92697-3125)

Abstract

This issue of Decision Analysis begins with an article by Philippe Delquié, “Interpretation of the Risk Tolerance Coefficient in Terms of Maximum Acceptable Loss.” The risk tolerance coefficient is an exponential utility function's parameter, which is positive for risk averse decision makers. Next is an article titled “Optimal Betting Strategies for Simultaneous Games,” by Andrew Grant, David Johnstone, and Oh Kang Kwon, which examines how to bet on two or more games (such as sports events or political outcomes) at once. Our third paper, “Decision-Analytic Approach to Knockout Auctions,” by Yigal Gerchak, examines an approach for bidding on a single jointly owned indivisible item (such as a cherished item in an estate with multiple heirs). Our fourth paper develops a method for evaluating bids. Carlos A. Bana e Costa, João C. Lourenço, Manuel P. Chagas, and João C. Bana e Costa use a multiple objective value function approach in their article “Development of Reusable Bid Evaluation Models for the Portuguese Electric Transmission Company.” We end with an article by Jason R. W. Merrick which presents an approach for “Getting the Right Mix of Experts” when they give possibly correlated probability judgments.

Suggested Citation

  • L. Robin Keller, 2008. "From the Editor..," Decision Analysis, INFORMS, vol. 5(1), pages 1-4, March.
    • Handle: RePEc:inm:ordeca:v:5:y:2008:i:1:p:1-4
    DOI: 10.1287/deca.1080.0109
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/deca.1080.0109
    Download Restriction: no
    File URL: https://libkey.io/10.1287/deca.1080.0109?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. Yigal Gerchak, 2008. "Decision-Analytic Approach to Knockout Auctions," Decision Analysis, INFORMS, vol. 5(1), pages 19-21, March.
    2. 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.
    3. Robert T. Clemen & Robert L. Winkler, 1999. "Combining Probability Distributions From Experts in Risk Analysis," Risk Analysis, John Wiley & Sons, vol. 19(2), pages 187-203, April.
    4. J. Eric Bickel, 2006. "Some Determinants of Corporate Risk Aversion," Decision Analysis, INFORMS, vol. 3(4), pages 233-251, December.
    5. Rabin, Matthew, 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Department of Economics, Working Paper Series qt731230f8, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    6. D. Marc Kilgour & Yigal Gerchak, 2004. "Elicitation of Probabilities Using Competitive Scoring Rules," Decision Analysis, INFORMS, vol. 1(2), pages 108-113, June.
    7. Jason R. W. Merrick & J. Rene van Dorp & Amita Singh, 2005. "Analysis of Correlated Expert Judgments from Extended Pairwise Comparisons," Decision Analysis, INFORMS, vol. 2(1), pages 17-29, March.
    8. Andrew Grant & David Johnstone & Oh Kang Kwon, 2008. "Optimal Betting Strategies for Simultaneous Games," Decision Analysis, INFORMS, vol. 5(1), pages 10-18, March.
    9. David J. Johnstone, 2007. "The Parimutuel Kelly Probability Scoring Rule," Decision Analysis, INFORMS, vol. 4(2), pages 66-75, June.
    10. Matthew Rabin, 2000. "Risk Aversion and Expected-Utility Theory: A Calibration Theorem," Econometrica, Econometric Society, vol. 68(5), pages 1281-1292, September.
    11. Michael H. Rothkopf, 2007. "Decision Analysis: The Right Tool for Auctions," Decision Analysis, INFORMS, vol. 4(3), pages 167-172, September.
    12. Craig W. Kirkwood, 2004. "Approximating Risk Aversion in Decision Analysis Applications," Decision Analysis, INFORMS, vol. 1(1), pages 51-67, March.
    13. Jason R. W. Merrick & Gregory S. Parnell & Jamison Barnett & Margot Garcia, 2005. "A Multiple-Objective Decision Analysis of Stakeholder Values to Identify Watershed Improvement Needs," Decision Analysis, INFORMS, vol. 2(1), pages 44-57, March.
    14. James E. Smith, 2004. "Risk Sharing, Fiduciary Duty, and Corporate Risk Attitudes," Decision Analysis, INFORMS, vol. 1(2), pages 114-127, June.
    15. Jason R. W. Merrick, 2008. "Getting the Right Mix of Experts," Decision Analysis, INFORMS, vol. 5(1), pages 43-52, March.
    16. Carlos A. Bana e Costa & João C. Lourenço & Manuel P. Chagas & João C. Bana e Costa, 2008. "Development of Reusable Bid Evaluation Models for the Portuguese Electric Transmission Company," Decision Analysis, INFORMS, vol. 5(1), pages 22-42, March.
    17. Editors The, 2007. "From the Editors," Basic Income Studies, De Gruyter, vol. 2(1), pages 1-5, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. L. Robin Keller & Kelly M. Kophazi, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(2), pages 57-59, June.
    2. L. Robin Keller & Kelly M. Kophazi, 2009. "From the Editors..," Decision Analysis, INFORMS, vol. 6(2), pages 53-56, June.

    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. 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.
    2. L. Robin Keller & Kelly M. Kophazi, 2010. "From the Editors..," Decision Analysis, INFORMS, vol. 7(2), pages 151-154, June.
    3. 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.
    4. L. Robin Keller & Ali Abbas & J. Eric Bickel & Vicki M. Bier & David V. Budescu & John C. Butler & Philippe Delquié & Kenneth C. Lichtendahl & Jason R. W. Merrick & Ahti Salo & George Wu, 2011. "From the Editors ---Probability Scoring Rules, Ambiguity, Multiattribute Terrorist Utility, and Sensitivity Analysis," Decision Analysis, INFORMS, vol. 8(4), pages 251-255, December.
    5. L. Robin Keller, 2011. "From the Editor ---Multiattribute and Intertemporal Preferences, Probability, and Stochastic Processes: Models and Assessment," Decision Analysis, INFORMS, vol. 8(3), pages 165-169, September.
    6. L. Robin Keller & Kelly M. Kophazi, 2011. "From the Editors---Deterrence, Multiattribute Utility, and Probability and Bayes' Updating," Decision Analysis, INFORMS, vol. 8(2), pages 83-87, June.
    7. L. Robin Keller, 2010. "From the Editor..," Decision Analysis, INFORMS, vol. 7(3), pages 235-237, September.
    8. 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.
    9. 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.
    10. L. Robin Keller & Kelly M. Kophazi, 2009. "From the Editors..," Decision Analysis, INFORMS, vol. 6(2), pages 53-56, June.
    11. L. Robin Keller, 2011. "Investment and Defense Strategies, Heuristics, and Games: From the Editor ..," Decision Analysis, INFORMS, vol. 8(1), pages 1-3, March.
    12. 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.
    13. L. Robin Keller & Kelly M. Kophazi, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(2), pages 57-59, June.
    14. Ali E. Abbas, 2009. "A Kullback-Leibler View of Linear and Log-Linear Pools," Decision Analysis, INFORMS, vol. 6(1), pages 25-37, March.
    15. L. Robin Keller, 2012. "From the Editor---Decisions over Time (Exploding Offers or Purchase Regret), in Game Settings (Embedded Nash Bargaining or Adversarial Games), and in Influence Diagrams," Decision Analysis, INFORMS, vol. 9(1), pages 1-5, March.
    16. L. Robin Keller, 2007. "From the Editor..," Decision Analysis, INFORMS, vol. 4(2), pages 47-48, June.
    17. Lambert, Nicolas S. & Langford, John & Wortman Vaughan, Jennifer & Chen, Yiling & Reeves, Daniel M. & Shoham, Yoav & Pennock, David M., 2015. "An axiomatic characterization of wagering mechanisms," Journal of Economic Theory, Elsevier, vol. 156(C), pages 389-416.
    18. Heiko Karle & Georg Kirchsteiger & Martin Peitz, 2015. "Loss Aversion and Consumption Choice: Theory and Experimental Evidence," American Economic Journal: Microeconomics, American Economic Association, vol. 7(2), pages 101-120, May.
    19. Castro, Luciano de & Galvao, Antonio F. & Kim, Jeong Yeol & Montes-Rojas, Gabriel & Olmo, Jose, 2022. "Experiments on portfolio selection: A comparison between quantile preferences and expected utility decision models," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
    20. Sergio Sousa, 2010. "Small-scale changes in wealth and attitudes toward risk," Discussion Papers 2010-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

    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:5:y:2008:i:1:p:1-4. 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.