Behavioral perspective of power systems' decision makers

被引:4
|
作者
Carpinelli, G. [1 ]
Russo, A. [2 ]
机构
[1] Univ Naples Federico II, Dept Elect Engn & Informat Technol, Naples, Italy
[2] Politecn Torino, Dept Energy, Turin, Italy
关键词
Decision analysis; Prospect Theory; Maximization of expected utility; Uncertainty and risk; Power systems; PROBABILISTIC CHOICE; RISK ANALYSIS; UNCERTAINTY;
D O I
10.1016/j.ijepes.2014.01.002
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
Several power system problems require solutions in an uncertain environment. According to the relevant literature, expected utility theory (EUT) has been used extensively to solve such problems. However, the application of Prospect Theory (PT) has demonstrated that people deviate from the expected utility maximization because their effective behaviors reflect loss aversion and risk-seeking, reflection effects. The aim of this paper was to compare and critically analyze EUT and PT with the goal of outlining the different behaviors of a "real" decision maker (DM) and an "ideal" DM, with the real DM operating in the frame of PT and the ideal DM operating as EUT describes. The results of using the two different theories were compared by solving three power-system problems in uncertain scenarios. (C) 2014 Elsevier Ltd. All rights reserved.
引用
收藏
页码:111 / 119
页数:9
相关论文
共 50 条
  • [41] Parametrically Retargetable Decision-Makers Tend To Seek Power
    Turner, Alexander Matt
    Tadepalli, Prasad
    ADVANCES IN NEURAL INFORMATION PROCESSING SYSTEMS 35 (NEURIPS 2022), 2022,
  • [42] An information systems approach to support decision makers selecting group decision processes
    Gonçalves, NP
    Antunes, P
    SIXTH INTERNATIONAL WORKSHOP ON GROUPWARE : CRIWG 2000 - PROCEEDINGS, 2000, : 4 - 10
  • [43] Power Index of Decision -Makers Based on Group Preference Rank
    Lei Guo-yu
    Guo Chun-xiang
    EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8, 2010, : 1361 - +
  • [44] The Distribution of Power Among Group Decision Makers附视频
    YANG Lei XI Youmin Management School Xian Jiaotong University Xian
    Journal of Systems Science and Systems Engineering, 1997, (03) : 68 - 74
  • [45] Integrated cross-realm planning: A decision-makers' perspective
    Alvarez-Romero, Jorge G.
    Adams, Vanessa M.
    Pressey, Robert L.
    Douglas, Michael
    Dale, Allan P.
    Auge, Amelie A.
    Ball, Derek
    Childs, John
    Digby, Michael
    Dobbs, Rebecca
    Gobius, Niilo
    Hinchley, David
    Lancaster, Ian
    Maughan, Mirjam
    Perdrisat, Ian
    BIOLOGICAL CONSERVATION, 2015, 191 : 799 - 808
  • [46] Creating Models That Meet Decision Makers' Needs: A US Payer Perspective
    Watkins, John B.
    VALUE IN HEALTH, 2012, 15 (06) : 792 - 793
  • [47] The effect of decision makers' time perspective on intention-behavior consistency
    Van Ittersum, Koert
    MARKETING LETTERS, 2012, 23 (01) : 263 - 277
  • [48] Decision makers calibrate behavioral persistence on the basis of time-interval experience
    McGuire, Joseph T.
    Kable, Joseph W.
    COGNITION, 2012, 124 (02) : 216 - 226
  • [50] Configuring Systems of Massively Distributed, Autonomous and Interdependent Decision Makers
    Goldstein-Lev, Anat
    Ariav, Gad
    INTERNATIONAL JOURNAL OF DECISION SUPPORT SYSTEM TECHNOLOGY, 2012, 4 (02) : 17 - 41