Local and Regional Coherence Utility Assessment Procedures.

Abstract

Novick and Lindley (1978, 1979) have dealt with the use of utility functions for applications in education and have advocated the use of the standard gamble (von Neumann and Morgenstern, 1953) elicitation procedure with the addition of coherence checking using overspecification and a least squares fit. In this procedure utilities are inferred from probability judgements offered by the assessor. This paper describes local and regional coherence procedures which seek utility coherence in successive restricted domains of the parameter space as preludes to overall coherence checking. These procedures and some others are viewed as possible ways of avoiding anchoring and certainty effect biases found in earlier fixed probability methods, and presumably present in current fixed state procedures.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1979
Accession Number
ADA076531

Entities

People

  • David T. Chuang
  • Dennis F. Dekeyrel
  • Melvin R. Novick

Organizations

  • University of Iowa

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Communities of Interest

  • Biomedical
  • Human Systems

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  • Applied Psychology
  • Behavioral Sciences
  • Cognition
  • Computer Programs
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  • Education
  • Educational Psychology
  • Human Factors Engineering
  • Judgment
  • Measurement
  • Military Research
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  • Universities

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  • Regression Analysis.
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  • Wave Propagation and Nonlinear Chaotic Dynamics.

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  • AI & ML
  • AI & ML - Bayesian Inference
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