create a website

Modeling the Maximum Perceived Utility Consensus Based on Prospect Theory. (2024). Wu, Yong ; Cheng, Dong ; Yuan, Yuxiang.
In: Group Decision and Negotiation.
RePEc:spr:grdene:v:33:y:2024:i:5:d:10.1007_s10726-023-09871-9.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 44

References cited by this document

Cocites: 38

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Abdellaoui M, Kemel E (2014) Eliciting prospect theory when consequences are measured in time units: “time is not money’’. Manag Sci 60(7):1844–1859.

  2. Ben-Arieh D, Easton T (2007) Multi-criteria group consensus under linear cost opinion elasticity. Decis Support Syst 43(3):713–721.
    Paper not yet in RePEc: Add citation now
  3. Ben-Arieh D, Easton T, Evans B (2009) Minimum cost consensus with quadratic cost functions. IEEE Trans Syst, Man, Cybern-Part A Syst Humans 39(1):210–217.
    Paper not yet in RePEc: Add citation now
  4. Cheng D, Yuan YX, Wu Y, Hao TT, Cheng FX (2022) Maximum satisfaction consensus with budget constraints considering individual tolerance and compromise limit behaviors. Eur J Oper Res 297:221–238.

  5. Cheng D, Zhou ZL, Cheng FX, Zhou YF, Xie YJ (2018) Modeling the minimum cost consensus problem in an asymmetric costs context. Eur J Oper Res 270(3):1122–1137.

  6. Dong Y, Xu KF, Song SN, Zhou C (2021) Quality reference in consumer product recalls. Decis Sci 52(4):893–919.
    Paper not yet in RePEc: Add citation now
  7. Fan ZP, Zhang X, Chen DF, Liu Y (2013) Multiple attribute decision making considering aspiration-levels: a method based on prospect theory. Comput Ind Eng 65(3):341–350.

  8. Giorgi ED, Post T (2010) Loss aversion with a state-dependent reference point. Manag Sci 57(6):1094–1110.

  9. Gong ZW, Guo WW, Slowinski R (2021) Transaction and interaction behavior-based consensus model and its application to optimal carbon emission reduction. Omega 104:102491.

  10. Gong ZW, Xu C, Chiclana F, Xu XX (2017) Consensus measure with multi-stage fluctuation utility based on China’s urban demolition negotiation. Group Decis Negot 26(2):379–407.

  11. Gong ZW, Xu XX, Guo WW, Herrera-Viedma E, Francisco JC (2021) Minimum cost consensus modelling under various linear uncertain-constrained scenarios. Inf Fusion 66:1–17.
    Paper not yet in RePEc: Add citation now
  12. Gong ZW, Xu XX, Li LS, Xu C (2015) Consensus modeling with nonlinear utility and cost constraints: a case study. Knowl-Based Syst 88:210–222.
    Paper not yet in RePEc: Add citation now
  13. Gong ZW, Zhang HH, Forrest J, Li LS, Xu XX (2015) Two consensus models based on the minimum cost and maximum return regarding either all individuals or one individual. Eur J Oper Res 240(1):183–192.

  14. Gu J, Zheng Y, Tian XL, Xu ZS (2021) A decision-making framework based on prospect theory with probabilistic linguistic term sets. J Oper Res Soc 72(4):879–888.

  15. Huang YS, Chang WC, Li WH, Li ZL (2013) Aggregation of utility-based individual preferences for group decision-making. Eur J Oper Res 229(2):462–469.

  16. Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. Econometrica 47(2):263–292.
    Paper not yet in RePEc: Add citation now
  17. Karagozoglu E, Keskin K (2018) Endogenous reference points in bargaining. Math Methods Oper Res 88:283–295.

  18. Köszegi B, Rabin M (2006) A model of reference-dependent preferences. Q J Econ 121(4):1133–1165.

  19. Köszegi B, Rabin M (2007) Reference-dependent risk attitudes. Am Econ Rev 97(4):1047–1073.

  20. Labella I, Liu HB, Rodríguez RM, Martínez L (2020) A cost consensus metric for consensus reaching processes based on a comprehensive minimum cost model. Eur J Oper Res 281(2):316–331.

  21. Liang HM, Xiong W, Dong YH (2018) A prospect theory-based method for fusing the individual preference-approval structures in group decision making. Comput Ind Eng 117:237–248.
    Paper not yet in RePEc: Add citation now
  22. Long J, Liang HM, Gao L, Guo ZX, Dong Y (2021) Consensus reaching with two-stage minimum adjustments in multi-attribute group decision making: a method based on preference-approval structure and prospect theory. Comput Ind Eng 158:107349.
    Paper not yet in RePEc: Add citation now
  23. Pearson K (1894) Contributions to the mathematical theory of evolution. Philos Trans R Soc 185:71–110.
    Paper not yet in RePEc: Add citation now
  24. Song HH, Gong ZW, Forrest JYL, Guo WW, Herrera-Viedma E (2023) Social network utility consensus model with empathic and fuzzy interactions. Comput Ind Eng 175:108904.
    Paper not yet in RePEc: Add citation now
  25. Tan X, Zhu JJ, Wu T (2022) Dynamic reference point-oriented consensus mechanism in linguistic distribution group decision making restricted by quantum integration of information. Group Decis Negot 31(2):491–528.

  26. Tversky A, Kahneman D (1992) Advances in prospect theory. J Risk Uncertain 5(4):297–323.
    Paper not yet in RePEc: Add citation now
  27. Wang H, Liao HC, Huang B, Xu ZS (2021) Determining consensus thresholds for group decision making with preference relations. J Oper Res Soc 72(10):2290–2300.

  28. Wang Y, Zhan JM, Zhang C (2023) A three-way decision method based on prospect theory under probabilistic linguistic term sets. Inf Sci 645:119342.
    Paper not yet in RePEc: Add citation now
  29. Wang ZL, Wang YM (2020) Prospect theory-based group decision-making with stochastic uncertainty and 2-tuple aspirations under linguistic assessments. Inf Fusion 56:81–92.
    Paper not yet in RePEc: Add citation now
  30. Wu J, Dai LF, Chiclana F, Fujita H, Herrera-Viedma E (2018) A minimum adjustment cost feedback mechanism based consensus model for group decision making under social network with distributed linguistic trust. Inf Fusion 41:232–242.
    Paper not yet in RePEc: Add citation now
  31. Wu ZB, Yang XY, Tu JC, Chen X (2019) Optimal consistency and consensus models for interval additive preference relations: a discrete distribution perspective. J Oper Res Soc 71(9):1479–1497.
    Paper not yet in RePEc: Add citation now
  32. Xu WJ, Chen X, Dong YC, Chiclana F (2021) Impact of decision rules and non-cooperative behaviors on minimum consensus cost in group decision making. Group Decis Negot 30(6):1239–1260.

  33. Xu WJ, Huang SY, Li J (2019) A novel consensus reaching framework for heterogeneous group decision making based on cumulative prospect theory. Comput Ind Eng 128:325–335.
    Paper not yet in RePEc: Add citation now
  34. Yuan YX, Cheng D, Zhou ZL, Cheng FX (2022) Minimum conflict consensus with budget constraint based on social network analysis. Comput Ind Eng 168:108098.
    Paper not yet in RePEc: Add citation now
  35. Yucel F, Bulut E (2020) User satisfaction aware maximum utility task assignment in mobile crowdsensing. Comput Netw 277(3):964–980.
    Paper not yet in RePEc: Add citation now
  36. Zhang BW, Dong YC, Zhang HJ, Pedrycz W (2020) Consensus mechanism with maximum-return modifications and minimum-cost feedback: a perspective of game theory. Eur J Oper Res 287(2):546–559.

  37. Zhang HH, Kou G, Peng Y (2019) Soft consensus cost models for group decision making and economic interpretations. Eur J Oper Res 122:251–261.

  38. Zhang HH, Kou G, Peng Y (2022) Large-scale peer-to-peer loan consensus based on minimum cost consensus. J Oper Res Soc 73(10):2326–2337.

  39. Zhang HH, Kou G, Peng Y (2023) Minimum cost consensus models measuring moderator’s preference on consensus levels. IEEE Trans Syst, Man, Cybern Syst 53(5):2938–2948.
    Paper not yet in RePEc: Add citation now
  40. Zhang HJ, Ji Y, Qu SJ, Li H, Huang RP (2022) The robust minimum cost consensus model with risk aversion. Inf Sci 587:283–299.
    Paper not yet in RePEc: Add citation now
  41. Zhang HJ, Zhao SH, Kou G, Li CC, Dong YC, Herrera F (2020) An overview on feedback mechanisms with minimum adjustment or cost in consensus reaching in group decision making: Research paradigms and challenges. Inf Fusion 60:65–79.
    Paper not yet in RePEc: Add citation now
  42. Zhang YJJ, Chen X, Pedrycz W, Dong YC (2023) Minimum cost consensus with altruism utility constraints in social network group decision making. IEEE Trans Syst, Man, Cybern Syst 53(8):5032–5045.
    Paper not yet in RePEc: Add citation now
  43. Zhao YZ, Gong ZW, Wei G, Slowinski R (2023) Consensus modeling with interactive utility and partial preorder of decision-makers, involving fairness and tolerant behavior. Inf Sci 638:118933.
    Paper not yet in RePEc: Add citation now
  44. Zhou XY, Wang LQ, Liao HC, Wang SY, Lev B, Fujita H (2019) A prospect theory-based group decision approach considering consensus for portfolio selection with hesitant fuzzy information. Knowl-Based Syst 168:28–38.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Product price and delivery-time commitment decisions with reference effects. (2025). Yu, Yugang ; Yan, Xiaoming ; Zhao, Wenhan.
    In: Transportation Research Part E: Logistics and Transportation Review.
    RePEc:eee:transe:v:197:y:2025:i:c:s1366554525001346.

    Full description at Econpapers || Download paper

  2. Unexpected waiting corrupts. (2024). Hajdu, Gergely ; Tobol, Yossef ; Dezsio, Linda.
    In: Research Papers.
    RePEc:zbw:ecoarp:283619.

    Full description at Econpapers || Download paper

  3. Unexpected Waiting Corrupts. (2024). Hajdu, Gergely ; Tobol, Yossef ; Dezs, Linda.
    In: Department of Economics Working Paper Series.
    RePEc:wiw:wus005:61209942.

    Full description at Econpapers || Download paper

  4. Unexpected Waiting Corrupts. (2024). Hajdu, Gergely ; Tobol, Yossef ; Dezso, Linda.
    In: Department of Economics Working Papers.
    RePEc:wiw:wiwwuw:wuwp358.

    Full description at Econpapers || Download paper

  5. Weighting the Waiting: Intertemporal Social Preferences. (2024). van Exel, Job ; van Hulsen, Merel ; Rohde, Kirsten.
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20220023.

    Full description at Econpapers || Download paper

  6. Modeling the Maximum Perceived Utility Consensus Based on Prospect Theory. (2024). Wu, Yong ; Cheng, Dong ; Yuan, Yuxiang.
    In: Group Decision and Negotiation.
    RePEc:spr:grdene:v:33:y:2024:i:5:d:10.1007_s10726-023-09871-9.

    Full description at Econpapers || Download paper

  7. Reference-dependent discounting. (2024). Attema, Arthur ; Li, Zhihua.
    In: Journal of Risk and Uncertainty.
    RePEc:kap:jrisku:v:69:y:2024:i:1:d:10.1007_s11166-024-09432-8.

    Full description at Econpapers || Download paper

  8. Towards a history of behavioural and experimental economics in France. (2024). Jullien, Dorian ; Truc, Alexandre.
    In: Post-Print.
    RePEc:hal:journl:halshs-04810987.

    Full description at Econpapers || Download paper

  9. Towards a history of behavioural and experimental economics in France. (2024). Jullien, Dorian ; Truc, Alexandre.
    In: Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers).
    RePEc:hal:cesptp:halshs-04810987.

    Full description at Econpapers || Download paper

  10. Towards a History of Behavioral and Experimental Economics in France. (2024). Jullien, Dorian ; Truc, Alexandre.
    In: GREDEG Working Papers.
    RePEc:gre:wpaper:2024-23.

    Full description at Econpapers || Download paper

  11. How time flies: Time perception and intertemporal choice. (2024). Zhao, Xiaojian ; Chen, Xiu.
    In: Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
    RePEc:eee:soceco:v:109:y:2024:i:c:s2214804323001866.

    Full description at Econpapers || Download paper

  12. Modeling abandonment behavior among patients. (2023). Olsen, Tava ; Dehoratius, Nicole ; Bolandifar, Ehsan.
    In: European Journal of Operational Research.
    RePEc:eee:ejores:v:306:y:2023:i:1:p:243-254.

    Full description at Econpapers || Download paper

  13. PRUDENT DISCOUNTING: EXPERIMENTAL EVIDENCE ON HIGHER ORDER TIME RISK PREFERENCES. (2021). Ebert, Sebastian.
    In: International Economic Review.
    RePEc:wly:iecrev:v:62:y:2021:i:4:p:1489-1511.

    Full description at Econpapers || Download paper

  14. Estimating Time Preferences for Leisure. (2021). Prati, Alberto ; Luchini, Stéphane ; dragone, davide ; Bigoni, Maria.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp14590.

    Full description at Econpapers || Download paper

  15. Innovations in the Science and Practice of Decision Analysis: The Role of Management Science. (2021). Dyer, James S ; Smith, James E.
    In: Management Science.
    RePEc:inm:ormnsc:v:67:y:2021:i:9:p:5364-5378.

    Full description at Econpapers || Download paper

  16. Cumulative prospect theory coupled with multi-attribute decision making for modeling travel behavior. (2021). Yang, Ying ; Qu, Xiaobo ; Sun, Lijun ; Gao, Kun ; Meng, Fanyu.
    In: Transportation Research Part A: Policy and Practice.
    RePEc:eee:transa:v:148:y:2021:i:c:p:1-21.

    Full description at Econpapers || Download paper

  17. To Pool or Not to Pool? The Effect of Loss Aversion on Queue Configurations. (2021). Zhou, Wenhui ; Huang, Weixiang ; Guo, Pengfei ; Wang, Dongmei.
    In: Production and Operations Management.
    RePEc:bla:popmgt:v:30:y:2021:i:11:p:4258-4272.

    Full description at Econpapers || Download paper

  18. From expected utility theory to prospect theory: tracking down the experimental path after forty years. (2020). Kalinowski, Slawomir.
    In: Operations Research and Decisions.
    RePEc:wut:journl:v:4:y:2020:p:39-56:id:1555.

    Full description at Econpapers || Download paper

  19. From expected utility theory to prospect theory: tracking down the experimental path after forty years. (2020). Kalinowski, Sawomir.
    In: Operations Research and Decisions.
    RePEc:wut:journl:v:30:y:2020:i:4:p:39-56:id:1555.

    Full description at Econpapers || Download paper

  20. Essays in asset pricing and auctions. (2020). Popescu, Andreea Victoria.
    In: Other publications TiSEM.
    RePEc:tiu:tiutis:879f7643-7123-4bc8-a5e7-6770d8c93df3.

    Full description at Econpapers || Download paper

  21. Contests with money and time: Experimental evidence on overbidding in all-pay auctions. (2020). Noussair, Charles ; Popescu, Andreea Victoria ; Breaban, Adriana.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:171:y:2020:i:c:p:391-405.

    Full description at Econpapers || Download paper

  22. Risk preferences of commodity crop producers and specialty crop producers: An application of prospect theory. (2020). Zhao, Shuoli ; Yue, Chengyan.
    In: Agricultural Economics.
    RePEc:bla:agecon:v:51:y:2020:i:3:p:359-372.

    Full description at Econpapers || Download paper

  23. The St. Petersburg paradox despite risk-seeking preferences: an experimental study. (2019). Sadiraj, Vjollca ; Cox, James ; Lichters, Marcel ; Kroll, Eike B ; Vogt, Bodo.
    In: Business Research.
    RePEc:spr:busres:v:12:y:2019:i:1:d:10.1007_s40685-018-0078-y.

    Full description at Econpapers || Download paper

  24. Resolving Rabin’s paradox. (2019). Wakker, Peter ; Bleichrodt, Han ; Doctor, Jason N ; Meeker, Daniella ; Li, Chen ; Gao, YU.
    In: Journal of Risk and Uncertainty.
    RePEc:kap:jrisku:v:59:y:2019:i:3:d:10.1007_s11166-019-09318-0.

    Full description at Econpapers || Download paper

  25. Voluntary contributions of time: Time-based incentives in a linear public goods game. (2019). Jouxtel, Justine.
    In: Journal of Economic Psychology.
    RePEc:eee:joepsy:v:75:y:2019:i:pa:s0167487018303350.

    Full description at Econpapers || Download paper

  26. Cross-efficiency evaluation in data envelopment analysis based on prospect theory. (2019). Song, Yao-Yao ; Liu, Hui-Hui ; Yang, Guo-Liang.
    In: European Journal of Operational Research.
    RePEc:eee:ejores:v:273:y:2019:i:1:p:364-375.

    Full description at Econpapers || Download paper

  27. Equity Concerns are Narrowly Framed. (2018). Kessler, Judd B ; Exley, Christine L.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25326.

    Full description at Econpapers || Download paper

  28. The Rich Domain of Ambiguity Explored. (2018). Wakker, Peter ; Li, Zhihua ; Wang, Tong V ; Muller, Julia.
    In: Management Science.
    RePEc:inm:ormnsc:v:64:y:2018:i:7:p:3227-3240.

    Full description at Econpapers || Download paper

  29. Eliciting Public Risk Preferences in Emergency Situations. (2018). Taheri, Ehsan ; Wang, Chen.
    In: Decision Analysis.
    RePEc:inm:ordeca:v:15:y:2018:i:4:p:223-241.

    Full description at Econpapers || Download paper

  30. Incentive Magnitude Effects in Experimental Games: Bigger is not Necessarily Better. (2018). Pulford, Briony ; Loomes, Graham ; Colman, Andrew M.
    In: Games.
    RePEc:gam:jgames:v:9:y:2018:i:1:p:4-:d:127477.

    Full description at Econpapers || Download paper

  31. The St. Petersburg Paradox Despite Risk-seeking Preferences: An Experimental Study. (2018). Sadiraj, Vjollca ; Cox, James ; Lichters, Marcel ; Kroll, Eike B ; Vogt, Bodo.
    In: Experimental Economics Center Working Paper Series.
    RePEc:exc:wpaper:2018-02.

    Full description at Econpapers || Download paper

  32. Bargaining over waiting time in gain and loss framed ultimatum games. (2017). Seebauer, Michael ; Tonn, Maren ; Doll, Monika.
    In: FAU Discussion Papers in Economics.
    RePEc:zbw:iwqwdp:152017.

    Full description at Econpapers || Download paper

  33. Framing and retirement age: The gap between willingness-to-accept and willingness-to-pay. (2017). Weber, Martin ; Merkle, Christoph ; Schreiber, Philipp.
    In: Economic Policy.
    RePEc:oup:ecpoli:v:32:y:2017:i:92:p:757-809..

    Full description at Econpapers || Download paper

  34. A Route Choice Model with Context-Dependent Value of Time. (2017). Yang, Hai ; Yin, Yafeng ; Zhou, Jing ; Xu, Hongli.
    In: Transportation Science.
    RePEc:inm:ortrsc:v:51:y:2017:i:2:p:536-548.

    Full description at Econpapers || Download paper

  35. The Rich Domain of Ambiguity Explored. (2016). Wakker, Peter ; Müller, Julia ; Muller, Julia ; Li, Zhihua ; Wang, Tong V.
    In: VfS Annual Conference 2016 (Augsburg): Demographic Change.
    RePEc:zbw:vfsc16:145734.

    Full description at Econpapers || Download paper

  36. A Sample Survey Based Linguistic MADM Method with Prospect Theory for Online Shopping Problems. (2016). Liu, Xinwang.
    In: Group Decision and Negotiation.
    RePEc:spr:grdene:v:25:y:2016:i:4:d:10.1007_s10726-015-9459-1.

    Full description at Econpapers || Download paper

  37. Comparing attitudes toward time and toward money in experience-based decisions. (2016). Travers, Muriel ; Kemel, Emmanuel.
    In: Theory and Decision.
    RePEc:kap:theord:v:80:y:2016:i:1:d:10.1007_s11238-015-9490-3.

    Full description at Econpapers || Download paper

  38. Probability weighting in different domains: the role of stakes, fungibility, and affect. (2014). Krawczyk, Michal.
    In: Working Papers.
    RePEc:war:wpaper:2014-15.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-04 17:56:33 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.