Skip to main content
Log in

Preference stability along time: the time cohesiveness measure

  • Regular Paper
  • Published:
Progress in Artificial Intelligence Aims and scope Submit manuscript

Abstract

This work introduces a non-traditional perspective about the problem of measuring the stability of agents’ preferences. Specifically, the cohesiveness of preferences at different moments of time is explored under the assumption of considering dichotomous evaluations. The general concept of time cohesiveness measure is introduced as well as a particular formulation based on the consideration of any two successive moments of time, the sequential time cohesiveness measure. Moreover, some properties of the novel measure are also provided. Finally, and in order to emphasize the adaptability of our proposal to real situations, a factual case of study about clinical decision-making is presented. Concretely, the study of preference stability for life-sustaining treatments of patients with advanced cancer at end of life is analysed. The research considers patients who express their opinions on three life-sustaining treatments at four consecutive periods of time. The novel measure provides information of patients preference stability along time and considers the possibility of cancer metastases.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2
Fig. 3
Fig. 4

Similar content being viewed by others

References

  1. Alcalde-Unzu, J., Vorsatz, M.: Do we agree? Measuring the cohesiveness of preferences. Theory Decis. 80, 313–339 (2016)

    Article  MathSciNet  MATH  Google Scholar 

  2. Alcantud, J., de Andrés Calle, R., Cascón, J.: On measures of cohesiveness under dichotomous opinions: some characterizations of approval consensus measures. Inf. Sci. 240, 45–55 (2013)

    Article  MathSciNet  MATH  Google Scholar 

  3. Alcantud, J., de Andrés Calle, R., Cascón, J.: Pairwise dichotomous cohesiveness measures. Group Decis. Negot. 24(5), 833–854 (2015)

    Article  Google Scholar 

  4. Anderson, L., Mellor, J.: Are risk preferences stable? Comparing an experimental measure with a validated survey-based measure. J. Risk Uncertain. 39(2), 137–160 (2009)

    Article  Google Scholar 

  5. Beland, D.K., Froman, R.D.: Preliminary validation of a measure of life support preferences. J. Nurs. Scholarsh. 27(4), 307–310 (1995)

    Article  Google Scholar 

  6. Bosch, R.: Characterizations of voting rules and consensus measures. Ph.D. thesis, Tilburg University (2005)

  7. Brandts, J., Charness, G.: Hot vs. cold: sequential responses and preference stability in experimental games. Exp. Econ. 2(3), 227–238 (2000)

    Article  MATH  Google Scholar 

  8. Brouwer, R.: Constructed preference stability: a test-retest. J. Environ. Econ. Policy 1(1), 70–84 (2012)

    Article  Google Scholar 

  9. Cameron, L., Shah, M.: Risk-taking behavior in the wake of natural disasters. J. Hum. Resour. 50(2), 484–515 (2015)

    Article  Google Scholar 

  10. Carlsson, F., Johansson-Stenman, O., Nam, P.: Social preferences are stable over long periods of time. J. Publ. Econ. 117, 104–114 (2014)

    Article  Google Scholar 

  11. Chuang, Y., Schechter, L.: Stability of experimental and survey measures of risk, time, and social preferences: a review and some new results. J. Dev. Econ. 117, 151–170 (2015)

    Article  Google Scholar 

  12. Doyle, J.: Survey of time preference, delay discounting models. Judgm. Decis. Mak. 8(2), 116–135 (2013)

    MathSciNet  Google Scholar 

  13. Finkelstein, E.A., Bilger, M., Flynn, T.N., Malhotra, C.: Preferences for end-of-life care among community-dwelling older adults and patients with advanced cancer: a discrete choice experiment. Health Policy 119(11), 1482–1489 (2017)

  14. García-Lapresta, J.L., Pérez-Román, D.: Measuring consensus in weak orders. In: Herrera-Viedma, E., García-Lapresta, J.L., Kacprzyk, J., Fedrizzi, M., Nurmi, H., Zadrozny, S. (eds.) Consensual Processes, Studies in Fuzziness and Soft Computing, vol. 267, pp. 213–234. Springer, Berlin (2011)

    Google Scholar 

  15. Gerrans, P., Faff, R., Hartnett, N.: Individual financial risk tolerance and the global financial crisis. Account. Financ. 55(1), 165–185 (2015)

    Article  Google Scholar 

  16. González-Arteaga, T., Alcantud, J., de Andrés Calle, R.: A cardinal dissensus measure based on the Mahalanobis distance. Eur. J. Oper. Res. 251(2), 575–585 (2016)

    Article  MathSciNet  MATH  Google Scholar 

  17. González-Pachón, J., Romero, C.: Aggregation of ordinal and cardinal preferences: a framework based on distance functions. J. Multi-Criteria Decis. Anal. 15(3–4), 79–85 (2009)

  18. González-Pachón, J., Romero, C., Díaz-Balteiro, L.: How to combine inconsistent ordinal and cardinal preferences: a satisficing modelling approach. Comput. Ind. Eng. 67, 168–172 (2014)

  19. Herrera-Viedma, E., Herrera, F., Chiclana, F.: A consensus model for multiperson decision making with different preference structures. IEEE Trans. Syst. Man Cybern. A Syst. Hum. 32(3), 394–402 (2002)

    Article  MATH  Google Scholar 

  20. Hoeffler, S., Ariely, D.: Constructing stable preferences: a look into dimensions of experience and their impact on preference stability. J. Consum. Psychol. 8(2), 113–139 (1999)

    Article  Google Scholar 

  21. Jakiela, P., Miguel, E., te Velde, V.: You’ve earned it: estimating the impact of human capital on social preferences. Exp. Econ. 18(3), 385–407 (2015)

    Article  Google Scholar 

  22. Krupka, E., Stephens, M.: The stability of measured time preferences. J. Econ. Behav. Organ. 85(1), 11–19 (2013)

  23. Loewenstein, G., Read, D., Baumeister, R.F.: Economic and Psychological Perspectives of Intertemporal Choice. In: Time and Decision, Russell Sage Foundation. ISBN 1610443667, 9781610443661 (2003)

  24. Meier, S., Sprenger, C.: Temporal stability of time preferences. Rev. Econ. Stat. 97(2), 273–286 (2015)

    Article  Google Scholar 

  25. Necker, S., Ziegelmeyer, M.: Household risk taking after the financial crisis. Q. Rev. Econ. Financ. 59, 141–160 (2016)

  26. Reynaud, A., Couture, S.: Stability of risk preference measures: results from a field experiment on french farmers. Theory Decis. 73(2), 203–221 (2012)

    Article  MathSciNet  Google Scholar 

  27. Sahm, C.: How much does risk tolerance change? Q. J. Financ. 02(04), 1–38 (2012)

  28. Shen, A., Ball, A.: Preference stability belief as a determinant of response to personalized recommendations. J. Consum. Behav. 10(2), 71–79 (2011)

    Article  Google Scholar 

  29. Tang, S.T., Wen, F.H., Hsieh, C.H., Chou, W.C., Chang, W.C., Chen, J.S., Chiang, M.C.: Preferences for life-sustaining treatments and associations with accurate prognostic awareness and depressive symptoms in terminally ill cancer patients’ last year of life. J. Pain Symptom Manag. 51(1), 41–51 (2016)

    Article  Google Scholar 

  30. Winter, L., Parker, B.: Current health and preferences for life-prolonging treatments: an application of prospect theory to end-of-life decision making. Soc. Sci. Med. 65(8), 1695–1707 (2007)

    Article  Google Scholar 

Download references

Acknowledgements

The authors thank the anonymous reviewers and S. García 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 ECO2016-77900-P.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to R. de Andrés Calle.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

González-Artega, T., de Andrés Calle, R. & Peral, M. Preference stability along time: the time cohesiveness measure. Prog Artif Intell 6, 235–244 (2017). https://doi.org/10.1007/s13748-017-0119-3

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s13748-017-0119-3

Keywords

Navigation