Preference stability along time: the time cohesiveness measure
Summary (2 min read)
1 Introduction
- Intertemporal decision making is an important scientific area and it has been obtaining attention from several research fields such as Economics, Health Economics, Social Choice, Psychology, Marketing, Decision Analysis, Neuroscience, and so on.
- Related to empirical literature on preference stability, most studies use small samples in short time periods and they are focused on a specific type of preferences, the risk preferences [27].
- For this purpose, the notion of preference stability is considered in the same vein that the notion of cohesiveness.
- Moreover, an specific formulation of the time cohesiveness measure is introduced, the sequential time cohesiveness measure as well as a study of its analytic properties.
- Furthermore, the measurement proposed is put in practice in a real case of study to emphasise its applicability.
2 A new tool to measure preference stability: The time cohesiveness measure
- This section is devoted to introduce some notation as well as their proposal of measurement of preference stability, namely, the time cohesiveness measure.
- Similarly, n tj ,tj+1 1,1 denotes the number of agents that approve alternative x at tj and keep their opinion at the following point of time tj+1.
- This property shows that the main aspect of the time sequential cohesiveness measure is the stability of agents’ opinions more than an specific value.
- In order to leave the minimum time stability it is needed that at least the opinions of two agents coincide at the same moment of time and the next one.
- If the introduction of new moments of time does not affect agents’ opinions in past times, then the sequential time cohesiveness measure of the extended time preference profile P (q) ∈ PN×(T+q) approaches 1 when q tends to infinity.
3 Comparative analysis of preference stability in Clinical Decision Making: The case of terminally cancer patients’ last year of life
- Acts have become significant with specific regard to life support options [5].
- To tackle the aforementioned aims, it is necessary to achieve a detail study of patients’ preferences and their preference stability along their illness.
- For that purpose, patients’ opinions were collected by means of an interview (an adapted LSPQ) where patients answer questions about their preferences of CPR, ICU and MSV treatment when life was in danger as Figure 1 shows.
- A tube would be placed through your mouth or nose into your lungs.
- Tables 9 and 10 show the values of the sequential time cohesiveness measure for the time-subprofiles distinguishing patients with and without metastases.
4 Concluding remarks
- Research on preference stability topic has advanced mainly in Economics.
- Under this assumption it could be appealing to develop a specific time cohesiveness measure.
- Many problems from a diversity of fields could be tackled such as the consumers’ preferences, Clinical Decision Making problems and so on.
- The authors thank the anonymous reviewers and S. Garćıa López and F. Herrera (Editors-in-Chief) for their valuable comments and recommendations.
- The authors acknowledge financial support by the Spanish Ministerio de Ciencia e Innovación under Project Project ECO201677900-P.
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Cites background from "Preference stability along time: th..."
...Introduction In the very recent decades, because of an enormous growth of the population and the necessity to provide food for them from one hand and the other hand an immethodical consumption of fossil fuel, our planet is experiencing an unexampled growth in terms of green-house gases (GHG) emission such as CO2, CH4 and N2O in its atmosphere that cause an ascending amount of global warming year by year and a drastic climate change [6,20]....
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...[8] T. González-Artega, R. de Andrés Calle, and M. Peral, “Preference stability along time: the time cohesiveness measure,” Progress in Artificial Intelligence, vol. 6, no. 3, pp. 235–244, 2017....
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...Este trabajo está inspirado en la metodologa propuesta por González-Arteaga, de Andrés Calle y Peral [8], [9] donde la noción de estabilidad de las decisiones intertemporales se considera en la misma lı́nea que la noción de cohesión....
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...Este trabajo está inspirado en la metodologa propuesta por González-Arteaga, de Andrés Calle y Peral [8], [9] donde la noción de estabilidad de las decisiones intertemporales se considera en la misma lı́nea que la noción de cohesión....
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...En [8] los agentes establecen sus preferencias sobre una única alternativa de manera dicotómica....
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References
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"Preference stability along time: th..." refers background in this paper
...Traditionally, preferences have usually been considered permanent by theory [23], although there are also different studies to checkwhether they are constant over time [4,7,11,26]....
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382 citations
355 citations
"Preference stability along time: th..." refers background in this paper
...From another point of view, a growing number of studies considers changes in preferences as a result of shocks such as illness, civil wars and natural disasters [9,15,21,25]....
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282 citations
"Preference stability along time: th..." refers background in this paper
...One of the main topics of this area is the study of preference stability that is often defined like the measurement of the choice consistency among options along time [8,20,28]....
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Frequently Asked Questions (7)
Q2. What are the future works in "Preference stability along time: the time cohesiveness measure" ?
Some straight lines of future research that could be addressed from the new approach are listed bellow: – It could be interesting to analyse preference stabi- lity problem and its measure when the number of experts decreases along time because loss of experts to follow-up e. g., patients deaths before ended study.
Q3. What is the time preference profile of a set of agents?
For each time preference profile P, PI is the restriction to a subset of consecutive moments of time, timesubprofile on the moments of time in The author⊆ T, and it emerges from selecting consecutive columns of P that are associated with the respective moments of time in I.
Q4. What is the definition of a time cohesiveness measure?
The sequential time cohesiveness measure for a group of agents N = {1, ..., N} on an alternative x is the mapping τS : PN×T → [0, 1] given byτS(P) == 1T − 1 ·j=T−1∑ j=1 n tj ,tj+1 0,0 · (n tj ,tj+1 0,0 − 1)N(N − 1)+
Q5. What is the case of terminally cancer patients’ last year of life?
the case of terminally cancer patients’ last year of life is studied using the new sequential time cohesiveness measure.
Q6. What is the purpose of this paper?
Taking into account the previous contributions on preference stability and cohesiveness measure, this paper is focused on an inter-temporal decision making problem where a set of agents express their opinions on an alternative along different moments of time.
Q7. What is the simplest way to measure preference stability?
Following the Social Choice tradition, this measurement takes values in the unit interval considering value 1 full stability and value 0 total lack of stability.