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Record W2169651209 · doi:10.1504/ijram.2007.014661

Preferences, utility and risk perception in engineering decision making

2007· article· en· W2169651209 on OpenAlexafffund
Marc A. Maes, Michael Havbro Faber

Bibliographic record

VenueInternational Journal of Risk Assessment and Management · 2007
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicCapital Investment and Risk Analysis
Canadian institutionsUniversity of Calgary
FundersNatural Sciences and Engineering Research Council of Canada
KeywordsPremisePreferenceRisk analysis (engineering)ReputationRisk aversion (psychology)PerceptionProspect theoryRisk perceptionActuarial scienceRanking (information retrieval)EconomicsLoss aversionExpected utility hypothesisMicroeconomicsPsychologyComputer scienceBusinessPolitical scienceFinancial economicsArtificial intelligence

Abstract

fetched live from OpenAlex

The present paper focuses on the role and the modelling of preferences in risk based decision making for engineering systems, with special emphasis on the dislike of severe consequences. This involves the use of appropriate utility models and a proper understanding of the many aspects of risk perception. The basic premise of this paper is that the risk aversion intrinsic to nonlinear utility functions can almost always be explained by the non-inclusion of indirect and 'follow-up' consequences. Several aspects of risk perception and preference ranking can be interpreted as the result of the decision maker's voluntary or involuntary unwillingness to account for consequences that are triggered by extreme losses, such as excessive business losses, loss of reputation or other indirect or so-called intangible losses.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.005
metaresearch head score (Gemma)0.012
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.005
Threshold uncertainty score0.024

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0050.012
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.002
Science and technology studies0.0010.003
Scholarly communication0.0040.004
Open science0.0010.001
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0020.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.283
Teacher spread0.265 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations8
Published2007
Admission routes2
Has abstractyes

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