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Theory Of Conjoint Measurement
The theory of conjoint measurement (also known as conjoint measurement or additive conjoint measurement) is a general, formal theory of continuous quantity. It was independently discovered by the French economist Gérard Debreu (1960) and by the American mathematical psychologist R. Duncan Luce and statistician John Tukey . The theory concerns the situation where at least two natural attributes, ''A'' and ''X'', non-interactively relate to a third attribute, ''P''. It is not required that ''A'', ''X'' or ''P'' are known to be quantities. Via specific relations between the levels of ''P'', it can be established that ''P'', ''A'' and ''X'' are continuous quantities. Hence the theory of conjoint measurement can be used to quantify attributes in empirical circumstances where it is not possible to combine the levels of the attributes using a side-by-side operation or concatenation. The quantification of psychological attributes such as attitudes, cognitive abilities and utility is the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quantity
Quantity or amount is a property that can exist as a multitude or magnitude, which illustrate discontinuity and continuity. Quantities can be compared in terms of "more", "less", or "equal", or by assigning a numerical value multiple of a unit of measurement. Mass, time, distance, heat, and angle are among the familiar examples of quantitative properties. Quantity is among the basic classes of things along with quality, substance, change, and relation. Some quantities are such by their inner nature (as number), while others function as states (properties, dimensions, attributes) of things such as heavy and light, long and short, broad and narrow, small and great, or much and little. Under the name of multitude comes what is discontinuous and discrete and divisible ultimately into indivisibles, such as: ''army, fleet, flock, government, company, party, people, mess (military), chorus, crowd'', and ''number''; all which are cases of collective nouns. Under the name of magni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patrick Suppes
Patrick Colonel Suppes (; March 17, 1922 – November 17, 2014) was an American philosopher who made significant contributions to philosophy of science, the theory of measurement, the foundations of quantum mechanics, decision theory, psychology and educational technology. He was the Lucie Stern Professor of Philosophy Emeritus at Stanford University and until January 2010 was the Director of the Education Program for Gifted Youth also at Stanford. Early life and career Suppes was born on March 17, 1922, in Tulsa, Oklahoma. He grew up as an only child, later with a half-brother George nearly 20 years his junior who was born in 1943 after Patrick had entered the army. His grandfather, C. E. Suppes, had moved to Oklahoma from Ohio. Suppes' father and grandfather were independent oil men. His mother died when he was a young boy. He was raised by his stepmother, who married his father when he was almost six years old. His parents did not have much formal education.Cf. Suppes autob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anders Celsius
Anders Celsius (; 27 November 170125 April 1744) was a Swedes, Swedish astronomer, physicist and mathematician. He was professor of astronomy at Uppsala University from 1730 to 1744, but traveled from 1732 to 1735 visiting notable observatories in Germany, Italy and France. He founded the Uppsala Astronomical Observatory in 1741, and in 1742 proposed (an inverted form of) the Celsius, Centigrade temperature scale which was later renamed Celsius in his honour. Early life and education Anders Celsius was born in Uppsala, Sweden, on 27 November 1701. His family originated from Ovanåker in the province of Hälsingland. Their family estate was at ''Doma'', also known as ''Höjen'' or ''Högen'' (locally as ''Högen 2''). The name ''Celsius'' is a latinization of the estate's name (Latin 'mound'). As the son of an astronomy professor, Nils Celsius, nephew of botanist Olof Celsius and the grandson of the mathematician Magnus Celsius and the astronomer Anders Spole, Celsius chose a ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metrology
Metrology is the scientific study of measurement. It establishes a common understanding of Unit of measurement, units, crucial in linking human activities. Modern metrology has its roots in the French Revolution's political motivation to standardise units in France when a length standard taken from a natural source was proposed. This led to the creation of the decimal-based metric system in 1795, establishing a set of standards for other types of measurements. Several other countries adopted the metric system between 1795 and 1875; to ensure conformity between the countries, the ''International Bureau of Weights and Measures, Bureau International des Poids et Mesures'' (BIPM) was established by the Metre Convention. This has evolved into the International System of Units (SI) as a result of a resolution at the 11th General Conference on Weights and Measures (CGPM) in 1960. Metrology is divided into three basic overlapping activities: * The definition of units of measurement * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Physics
Physics is the scientific study of matter, its Elementary particle, fundamental constituents, its motion and behavior through space and time, and the related entities of energy and force. "Physical science is that department of knowledge which relates to the order of nature, or, in other words, to the regular succession of events." It is one of the most fundamental scientific disciplines. "Physics is one of the most fundamental of the sciences. Scientists of all disciplines use the ideas of physics, including chemists who study the structure of molecules, paleontologists who try to reconstruct how dinosaurs walked, and climatologists who study how human activities affect the atmosphere and oceans. Physics is also the foundation of all engineering and technology. No engineer could design a flat-screen TV, an interplanetary spacecraft, or even a better mousetrap without first understanding the basic laws of physics. (...) You will come to see physics as a towering achievement of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nobel Memorial Prize In Economics
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (), commonly referred to as the Nobel Prize in Economics(), is an award in the field of economic sciences administered by the Nobel Foundation, established in 1968 by Sveriges Riksbank (Sweden's central bank) to celebrate its 300th anniversary and in memory of Alfred Nobel. Although the Prize in Economic Sciences was not one of the original five Nobel Prizes established by Alfred Nobel's will, it is considered a member of the Nobel Prize system, and is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Winners of the Prize in Economic Sciences are chosen in a similar manner to and announced alongside the Nobel Prize recipients, and receive the Prize in Economic Sciences at the Nobel Prize Award Ceremony. The laureates of the Prize in Economic Sciences are selected by the Royal Swedish Academy of Sciences, which al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allais Paradox
The Allais paradox is a choice problem designed by to show an inconsistency of actual observed choices with the predictions of expected utility theory. The Allais paradox demonstrates that individuals rarely make rational decisions consistently when required to do so immediately. The independence axiom of expected utility theory, which requires that the preferences of an individual should not change when altering two lotteries by equal proportions, was proven to be violated by the paradox. Statement of the problem The Allais paradox arises when comparing participants' choices in two different experiments, each of which consists of a choice between two gambles, A and B. The payoffs for each gamble in each experiment are as follows: Several studies involving hypothetical and small monetary payoffs, and recently involving health outcomes, have supported the assertion that when presented with a choice between 1A and 1B, most people would choose 1A. Likewise, when presented with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Kahneman
Daniel Kahneman (; ; March 5, 1934 – March 27, 2024) was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith. Kahneman's published empirical findings challenge the assumption of human rationality prevailing in modern economic theory. Kahneman became known as the "grandfather of behavioral economics." With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory. In 2011, Kahneman was named by ''Foreign Policy'' magazine in its list of top global thinkers. In the same year, his book '' Thinking, Fast and Slow'', which summarizes much of his research, was published and became a best seller. In 2015, ''The Economist'' listed him as the seventh most influential economist in the world. Kah ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prospect Theory
Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. The theory was cited in the decision to award Kahneman the 2002 Nobel Memorial Prize in Economics. Based on results from controlled studies, it describes how individuals assess their loss and gain perspectives in an asymmetric manner (see loss aversion). For example, for some individuals, the pain from losing $1,000 could only be compensated by the pleasure of earning $2,000. Thus, contrary to the expected utility theory (which models the decision that perfectly rational agents would make), prospect theory aims to describe the actual behavior of people. In the original formulation of the theory, the term ''prospect'' referred to the predictable results of a lottery. However, prospect theory can also be applied to the prediction of other forms of behaviors and decisions. Prospect theory challenges the expected utility theory deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematical Psychology
Mathematical psychology is an approach to psychology, psychological research that is based on mathematical modeling of perceptual, thought, Cognition, cognitive and motor processes, and on the establishment of law-like rules that relate quantifiable stimulus characteristics with quantifiable behavior (in practice often constituted by task performance). The mathematical approach is used with the goal of deriving Hypothesis, hypotheses that are more exact and thus yield stricter empirical validations. There are five major research areas in mathematical psychology: learning and memory, perception and psychophysics, choice and decision-making, language and Thought, thinking, and measurement and Feature scaling, scaling. Although psychology, as an independent subject of science, is a more recent discipline than physics, the application of mathematics to psychology has been done in the hope of emulating the success of this approach in the Physical Sciences, physical sciences, which dat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
