IDEAS home Printed from https://ideas.repec.org/a/spr/psycho/v76y2011i4p650-669.html
   My bibliography  Save this article

A Geometric Analysis of When Fixed Weighting Schemes Will Outperform Ordinary Least Squares

Author

Listed:
  • Clintin Davis-Stober

Abstract

No abstract is available for this item.

Suggested Citation

  • Clintin Davis-Stober, 2011. "A Geometric Analysis of When Fixed Weighting Schemes Will Outperform Ordinary Least Squares," Psychometrika, Springer;The Psychometric Society, vol. 76(4), pages 650-669, October.
    • Handle: RePEc:spr:psycho:v:76:y:2011:i:4:p:650-669
    DOI: 10.1007/s11336-011-9229-1
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11336-011-9229-1
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11336-011-9229-1?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Niels Waller & Jeff Jones, 2011. "Investigating the Performance of Alternate Regression Weights by Studying All Possible Criteria in Regression Models with a Fixed Set of Predictors," Psychometrika, Springer;The Psychometric Society, vol. 76(3), pages 410-439, July.
    2. Manel Baucells & Juan A. Carrasco & Robin M. Hogarth, 2008. "Cumulative Dominance and Heuristic Performance in Binary Multiattribute Choice," Operations Research, INFORMS, vol. 56(5), pages 1289-1304, October.
    3. Niels Waller & Jeff Jones, 2010. "Correlation Weights in Multiple Regression," Psychometrika, Springer;The Psychometric Society, vol. 75(1), pages 58-69, March.
    4. F. Hutton Barron & Bruce E. Barrett, 1996. "Decision Quality Using Ranked Attribute Weights," Management Science, INFORMS, vol. 42(11), pages 1515-1523, November.
    5. S. Wilks, 1938. "Weighting systems for linear functions of correlated variables when there is no dependent variable," Psychometrika, Springer;The Psychometric Society, vol. 3(1), pages 23-40, March.
    6. Robin M. Hogarth & Natalia Karelaia, 2005. "Simple Models for Multiattribute Choice with Many Alternatives: When It Does and Does Not Pay to Face Trade-offs with Binary Attributes," Management Science, INFORMS, vol. 51(12), pages 1860-1872, December.
    7. Posavac, Steven S. & Kardes, Frank R. & Josko Brakus, J., 2010. "Focus induced tunnel vision in managerial judgment and decision making: The peril and the antidote," Organizational Behavior and Human Decision Processes, Elsevier, vol. 113(2), pages 102-111, November.
    8. Robin Hogarth & Natalia Karelaia, 2004. "Ignoring information in binary choice with continuous variables: When is less 'more'?," Economics Working Papers 742, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2004.
    9. Niels Waller & Jeff Jones, 2009. "Locating the Extrema of Fungible Regression Weights," Psychometrika, Springer;The Psychometric Society, vol. 74(4), pages 589-602, December.
    10. Robin M. Hogarth & Natalia Karelaia, 2006. "Regions of Rationality: Maps for Bounded Agents," Decision Analysis, INFORMS, vol. 3(3), pages 124-144, September.
    11. Raymond Koopman, 1988. "On the sensitivity of a composite to its weights," Psychometrika, Springer;The Psychometric Society, vol. 53(4), pages 547-552, December.
    12. Howard Wainer & David Thissen, 1976. "Three steps towards robust regression," Psychometrika, Springer;The Psychometric Society, vol. 41(1), pages 9-34, March.
    13. Robin Hogarth & Natalia Karelaia, 2003. "Take-the-best and other simple strategies: Why and when they work 'well' in binary choice," Economics Working Papers 709, Department of Economics and Business, Universitat Pompeu Fabra.
    14. Clintin Davis-Stober & Jason Dana & David Budescu, 2010. "A Constrained Linear Estimator for Multiple Regression," Psychometrika, Springer;The Psychometric Society, vol. 75(3), pages 521-541, September.
    15. Goldstein, Daniel G. & Gigerenzer, Gerd, 2009. "Fast and frugal forecasting," International Journal of Forecasting, Elsevier, vol. 25(4), pages 760-772, October.
    16. Niels Waller, 2008. "Fungible Weights in Multiple Regression," Psychometrika, Springer;The Psychometric Society, vol. 73(4), pages 691-703, December.
    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. Graefe, Andreas, 2015. "Improving forecasts using equally weighted predictors," Journal of Business Research, Elsevier, vol. 68(8), pages 1792-1799.

    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. Konstantinos V. Katsikopoulos, 2011. "Psychological Heuristics for Making Inferences: Definition, Performance, and the Emerging Theory and Practice," Decision Analysis, INFORMS, vol. 8(1), pages 10-29, March.
    2. Robin M. Hogarth & Natalia Karelaia, 2006. "Regions of Rationality: Maps for Bounded Agents," Decision Analysis, INFORMS, vol. 3(3), pages 124-144, September.
    3. Berg, Nathan & Biele, Guido & Gigerenzer, Gerd, 2010. "Does consistency predict accuracy of beliefs?: Economists surveyed about PSA," MPRA Paper 26590, University Library of Munich, Germany.
    4. Pantelis P. Analytis & Amit Kothiyal & Konstantinos Katsikopoulos, 2014. "Multi-attribute utility models as cognitive search engines," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 9(5), pages 403-419, September.
    5. repec:cup:judgdm:v:9:y:2014:i:5:p:403-419 is not listed on IDEAS
    6. Manel Baucells & Juan A. Carrasco & Robin M. Hogarth, 2008. "Cumulative Dominance and Heuristic Performance in Binary Multiattribute Choice," Operations Research, INFORMS, vol. 56(5), pages 1289-1304, October.
    7. Robin M. Hogarth & Natalia Karelaia, 2005. "Simple Models for Multiattribute Choice with Many Alternatives: When It Does and Does Not Pay to Face Trade-offs with Binary Attributes," Management Science, INFORMS, vol. 51(12), pages 1860-1872, December.
    8. Berg, Nathan, 2014. "Success from satisficing and imitation: Entrepreneurs' location choice and implications of heuristics for local economic development," Journal of Business Research, Elsevier, vol. 67(8), pages 1700-1709.
    9. Robin Hogarth & Natalia Karelaia, 2006. "On heuristic and linear models of judgment: Mapping the demand for knowledge," Economics Working Papers 974, Department of Economics and Business, Universitat Pompeu Fabra.
    10. Katsikopoulos, Konstantinos V. & Durbach, Ian N. & Stewart, Theodor J., 2018. "When should we use simple decision models? A synthesis of various research strands," Omega, Elsevier, vol. 81(C), pages 17-25.
    11. Niels Waller & Jeff Jones, 2011. "Investigating the Performance of Alternate Regression Weights by Studying All Possible Criteria in Regression Models with a Fixed Set of Predictors," Psychometrika, Springer;The Psychometric Society, vol. 76(3), pages 410-439, July.
    12. Flores-Szwagrzak, Karol, 2022. "Learning by Convex Combination," Working Papers 16-2022, Copenhagen Business School, Department of Economics.
    13. David Leiser & Dov-Ron Schatzberg, 2008. "On the complexity of traffic judges' decisions," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3(8), pages 667-678, December.
    14. Rakesh K. Sarin, 2013. "From the Editor ---Median Aggregation, Scoring Rules, Expert Forecasts, Choices with Binary Attributes, Portfolio with Dependent Projects, and Information Security," Decision Analysis, INFORMS, vol. 10(4), pages 277-278, December.
    15. Beccacece, F. & Borgonovo, E., 2011. "Functional ANOVA, ultramodularity and monotonicity: Applications in multiattribute utility theory," European Journal of Operational Research, Elsevier, vol. 210(2), pages 326-335, April.
    16. Paul Dudgeon, 2017. "Some Improvements in Confidence Intervals for Standardized Regression Coefficients," Psychometrika, Springer;The Psychometric Society, vol. 82(4), pages 928-951, December.
    17. Soyer, Emre & Hogarth, Robin M., 2015. "The golden rule of forecasting: Objections, refinements, and enhancements," Journal of Business Research, Elsevier, vol. 68(8), pages 1702-1704.
    18. Niels Waller & Jeff Jones, 2009. "Locating the Extrema of Fungible Regression Weights," Psychometrika, Springer;The Psychometric Society, vol. 74(4), pages 589-602, December.
    19. Jeff Jones & Niels Waller, 2015. "The Normal-Theory and Asymptotic Distribution-Free (ADF) Covariance Matrix of Standardized Regression Coefficients: Theoretical Extensions and Finite Sample Behavior," Psychometrika, Springer;The Psychometric Society, vol. 80(2), pages 365-378, June.
    20. Konstantinos V. Katsikopoulos, 2013. "Why Do Simple Heuristics Perform Well in Choices with Binary Attributes?," Decision Analysis, INFORMS, vol. 10(4), pages 327-340, December.
    21. Katsikopoulos, Konstantinos V. & Şimşek, Özgür & Buckmann, Marcus & Gigerenzer, Gerd, 2022. "Transparent modeling of influenza incidence: Big data or a single data point from psychological theory?," International Journal of Forecasting, Elsevier, vol. 38(2), pages 613-619.

    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:spr:psycho:v:76:y:2011:i:4:p:650-669. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.