Results for 'Use value'

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  1. Use, value, aesthetics : gambling with difference/speculating with value.Joseph W. Childers & Stephen E. Cullenberg - 2009 - In Jack Amariglio, Joseph W. Childers & Stephen Cullenberg (eds.), Sublime economy: on the intersection of art and economics. New York: Routledge.
  2. Using Values as Evidence When There’s Evidence for Your Values.Sharyn Clough - 2020 - Philosophy in the Contemporary World 26 (1):5-37.
    I have argued that political values are beliefs informed, more or less well, by the evidence of experience and that, where relevant and well-supported by evidence, the inclusion of political values in scientific theorizing can increase the objectivity of research. The position I endorse has been called the “values-as-evidence” approach. In this essay I respond to three kinds of resistance to this approach, using examples of feminist political values. Solomon questions whether values are beliefs that can be tested, Alcoff argues (...)
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  3.  33
    Use-value and exchange-value.Peter Gibbins - 1976 - Theory and Decision 7 (3):171-179.
    Discussion of the relation between exchange-value and use-value (as defined inCapital I) is clarified by the construction of set-theoretical models of these concepts. Marx argues fallaciously for the independence of exchange-value and use-value. His fallacy is diagnosed as depending upon a mistaken assumption about the impossibility of inferring a certain linear order on a set from a certain (different) partial order on that set.
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  4.  26
    Uses, values, and use values of the Sundarbans.Jnanabrata Bhattacharyya - 1990 - Agriculture and Human Values 7 (2):34-39.
    The decimation of the Sundarbans has resulted from attempts to satisfy short-term demands by exhausting the chances of satisfying future demands. The forest cannot be preserved by a policy that under-valorizes the urgency of the short-term needs or by a policy that is imposed from above, but it may be by social forestry. Social forestry augments the supply of forest products from non-forest lands, and, most significantly, includes the users in developing appropriate forest policies.
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  5.  15
    Use Value, Life Value, and the Future of Socialism.Jeff Noonan - unknown
    The paper argues that the future of socialism depends upon the category of use value being grounded in a wider and deeper conception of life value. Only as such can it serve as the regulating principle of a future democratic socialist society. Life value is anchored in an understanding of the human life's space-time continuum understood as a continuum of life requirements. The multiple life crises regularly generated by capitalism are crises of its incapacity to adequately satisfy (...)
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  6. Use-Value and the Question of Completion.Demirel Emre - 2017 - Architecture Philosophy 2 (2).
    The post-modernist approach to architecture often presents tradition as a problem of image. Postmodernism prioritizes the display of stylized images of historic buildings in order to prompt one to deal primarily with the visual appeal of the historic forms rather than the experience of the buildings.
     
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  7.  22
    Using value sensitive design to understand transportation choices and envision a future transportation system.Kari Edison Watkins - 2018 - Ethics and Information Technology 23 (1):79-82.
    The increasing passengerization of transportation through shared ride services and driverless vehicles has the potential to vastly change the transportation system. Although values are sometimes considered in the design of information tools and through attitudes toward travel, the systematic approach of value sensitive design should be used in the design of transportation infrastructure to create a sustainable transportation future.
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  8.  18
    Even: Use-Values.Ece Korkut - 2012 - Journal of Turkish Studies 7:145-162.
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  9.  76
    Beyond the vertical? Using value chains and governance as a framework to analyse private standards initiatives in agri-food chains.Anne Tallontire, Maggie Opondo, Valerie Nelson & Adrienne Martin - 2011 - Agriculture and Human Values 28 (3):427-441.
    The significance of private standards and associated local level initiatives in agri-food value chains are increasingly recognised. However whilst issues related to compliance and impact at the smallholder or worker level have frequently been analysed, the governance implications in terms of how private standards affect national level institutions, public, private and non-governmental, have had less attention. This article applies an extended value chain framework for critical analysis of Private Standards Initiatives (PSIs) in agrifood chains, drawing on primary research (...)
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  10.  68
    Questioning the use value of qualitative research findings.Martin Lipscomb - 2012 - Nursing Philosophy 13 (2):112-125.
    In this paper the use value of qualitative research findings to nurses in practice is questioned. More precisely it is argued that, insofar as action follows belief then, in all but the rarest of cases, the beliefs that nurses in practice can justifiably derive from or form on the basis of qualitative research findings do not sanction action in the world and the assumption, apparently widely held, that qualitative research can as evidence productively inform practice collapses. If qualitative research (...)
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  11.  23
    The Potential Use-Value of Hume's ‘True Religion’.Andre C. Willis - 2015 - Journal of Scottish Philosophy 13 (1):1-15.
    Many hold that Hume was an atheist, that he despised the church, and that he was a devastating critic of religion. One cannot deny, however, the references to ‘true religion’ in his work, his sometimes seemingly favorable references to Deity, his call for religion in ‘every civilized community’, and his sense of ‘natural belief’. The following essay describes a speculative Humean ‘true religion’ and discusses its potential use-value for contemporary philosophy of religion. It begins, anecdotally, with a description of (...)
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  12.  34
    Exemplification and the use-values of cases and case studies.Mary S. Morgan - 2019 - Studies in History and Philosophy of Science Part A 78 (C):5-13.
  13.  24
    Marx’s Doctrine of Use Value Compared with Mill’s Theoretic Utilitarianism.Jeremy Brunger - 2015 - Journal of Human Values 21 (1):48-50.
    This article looks at the similarities and differences between Karl Marx’s theory of value and J.S. Mill’s theory of value, where value is synonymous with ‘utility’. It explores how the authors treated the spheres of use and exchange; possibilities of revolutionary social praxis under each of their philosophies; and their respective ability to endure in relevance for the contemporary social world. This article also analyzes their methodologies for achieving utility, focusing on the humanistic and mechanistic aspects of (...)
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  14.  18
    Out of the Shadows: Using Value Pluralism to Make Explicit Economic Values in Not-for-Profit Business Strategies.Jenny Green & Bronwen Dalton - 2016 - Journal of Business Ethics 139 (2):299-312.
    In the last decade, Australian federal and state governments’ commitment to the economic rationalist imperatives of performance measures, accountability for outcomes, and value-for-money has driven significant change in the Australian not-for-profit community services sector. In an environment shaped by neoliberal-inspired government policies and a renewed government commitment to austerity, Australian not-for-profit community service organizations are now, more than ever, actively engaged in a variety of income-generating strategies to achieve and/or maintain economic sustainability. Central to this process is meeting the (...)
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  15.  21
    Individuals and (Synthetic) Data Points: Using Value-Sensitive Design to Foster Ethical Deliberations on Epistemic Transitions.Jean-Christophe Bélisle-Pipon, Vardit Ravitsky, Bridge2AI-Voice Consortium & Yael Bensoussan - 2023 - American Journal of Bioethics 23 (9):69-72.
    Cho and Martinez-Martin (2023) provide a compelling critique of the profound influence that data sourcing for artificial intelligence (AI) has on the healthcare sector. They emphasize the need for...
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  16. Understanding scientists' computational modeling decisions about climate risk management strategies using values-informed mental models.Lauren Mayer, Kathleen Loa, Bryan Cwik, Nancy Tuana, Klaus Keller, Chad Gonnerman, Andrew Parker & Robert Lempert - 2017 - Global Environmental Change 42:107-116.
    When developing computational models to analyze the tradeoffs between climate risk management strategies (i.e., mitigation, adaptation, or geoengineering), scientists make explicit and implicit decisions that are influenced by their beliefs, values and preferences. Model descriptions typically include only the explicit decisions and are silent on value judgments that may explain these decisions. Eliciting scientists’ mental models, a systematic approach to determining how they think about climate risk management, can help to gain a clearer understanding of their modeling decisions. In (...)
     
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  17. The Value-Free Ideal of Science: A Useful Fiction? A Review of Non-epistemic Reasons for the Research Integrity Community.Jacopo Ambrosj, Kris Dierickx & Hugh Desmond - 2023 - Science and Engineering Ethics 29 (1):1-22.
    Even if the “value-free ideal of science” (VFI) were an unattainable goal, one could ask: can it be a useful fiction, one that is beneficial for the research community and society? This question is particularly crucial for scholars and institutions concerned with research integrity (RI), as one cannot offer normative guidance to researchers without making some assumptions about what ideal scientific research looks like. Despite the insofar little interaction between scholars studying RI and those working on values in science, (...)
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  18.  16
    The elephant in pre–colonial Ghana: cultural and economic use values.K. O. Kwarteng - 2006 - Journal of Philosophy and Culture 3 (2):1-32.
    Using multi–sources: archeaology, history, geography, anthropology, wildlife, zoology, biology, oral tradition and archival material, the article examines the history of the elephant in Ghana, highlighting the various methods employed in hunting as well as the cultural and economic use values of the elephant in Ghana.
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  19.  7
    The elephant in pre–colonial Ghana: cultural and economic use values.K. O. Kwarteng - 2006 - Journal of Philosophy and Culture 3 (2):1-32.
    Using multi–sources: archeaology, history, geography, anthropology, wildlife, zoology, biology, oral tradition and archival material, the article examines the history of the elephant in Ghana, highlighting the various methods employed in hunting as well as the cultural and economic use values of the elephant in Ghana.
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  20.  35
    Toward an understanding of motivational influences on prospective memory using value-added intentions.Gabriel I. Cook, Jan Rummel & Sebastian Dummel - 2015 - Frontiers in Human Neuroscience 9.
  21. A useful four-valued logic.N. D. Belnap - 1977 - In J. M. Dunn & G. Epstein (eds.), Modern Uses of Multiple-Valued Logic. D. Reidel.
     
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  22. Uses of value judgments in science: A general argument, with lessons from a case study of feminist research on divorce.Elizabeth Anderson - 2004 - Hypatia 19 (1):1-24.
    : The underdetermination argument establishes that scientists may use political values to guide inquiry, without providing criteria for distinguishing legitimate from illegitimate guidance. This paper supplies such criteria. Analysis of the confused arguments against value-laden science reveals the fundamental criterion of illegitimate guidance: when value judgments operate to drive inquiry to a predetermined conclusion. A case study of feminist research on divorce reveals numerous legitimate ways that values can guide science without violating this standard.
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  23.  73
    Uses of value judgments in feminist social science: A case study of research on divorce.Elizabeth Anderson - 2004 - Hypatia 19 (1):1-24.
    The underdetermination argument establishes that scientists may use political values to guide inquiry, without providing criteria for distinguishing legitimate from illegitimate guidance. This paper supplies such criteria. Analysis of the confused arguments against value-laden science reveals the fundamental criterion of illegitimate guidance: when value judgments operate to drive inquiry to a predetermined conclusion. A case study of feminist research on divorce reveals numerous legitimate ways that values can guide science without violating this standard.
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  24. Uses of value judgments in science : a general argument, with lessons from a case study of feminist research on divorce.Elizabeth Anderson - 2018 - In Timothy Rutzou & George Steinmetz (eds.), Critical realism, history, and philosophy in the social sciences. Bingley, UK: Emerald Publishing.
     
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  25. Using Democratic Values in Science: An Objection and Response.Andrew Schroeder - 2017 - Philosophy of Science 84 (5):1044-1054.
    Many philosophers of science have argued that social and ethical values have a significant role to play in core parts of the scientific process. This naturally suggests the following question: when such value choices need to be made, which or whose values should be used? A common answer to this question turns to democratic values—the values of the public or its representatives. I argue that this imposes a morally significant burden on certain scientists, effectively requiring them to advocate for (...)
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  26. Imaginative Value Sensitive Design: Using Moral Imagination Theory to Inform Responsible Technology Design.Steven Umbrello - 2020 - Science and Engineering Ethics 26 (2):575-595.
    Safe-by-Design (SBD) frameworks for the development of emerging technologies have become an ever more popular means by which scholars argue that transformative emerging technologies can safely incorporate human values. One such popular SBD methodology is called Value Sensitive Design (VSD). A central tenet of this design methodology is to investigate stakeholder values and design those values into technologies during early stage research and development (R&D). To accomplish this, the VSD framework mandates that designers consult the philosophical and ethical literature (...)
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  27. Some Useful 16-Valued Logics: How a Computer Network Should Think.Yaroslav Shramko & Heinrich Wansing - 2005 - Journal of Philosophical Logic 34 (2):121-153.
    In Belnap's useful 4-valued logic, the set 2 = {T, F} of classical truth values is generalized to the set 4 = ������(2) = {Ø, {T}, {F}, {T, F}}. In the present paper, we argue in favor of extending this process to the set 16 = ᵍ (4) (and beyond). It turns out that this generalization is well-motivated and leads from the bilattice FOUR₂ with an information and a truth-and-falsity ordering to another algebraic structure, namely the trilattice SIXTEEN₃ with an (...)
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  28.  17
    Metric Used in the Global Health Impact Project: Implicit Values and Unanswered Questions.Yukiko Asada - 2022 - Public Health Ethics 15 (2):124-129.
    The core aims of the Global Health Impact Project include incentivizing pharmaceutical companies for socially conscious production and promoting socially conscious consumption among consumers. Its backbone is a metric that computes the amount of illness burden alleviated by a pharmaceutical drug. This essay aims to assess the connection between values and numbers in the Global Health Impact Project. Specifically, I concentrate on two issues, the anonymity of illness burden and the distribution of health benefits. The former issue asks whether we (...)
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  29.  21
    Studying values about childhood using networked photography on Instagram.Ayşenur Benevento - 2022 - Semiotica 2022 (246):19-47.
    This study examines adults’ postings of photos of children on social media and offers a unique methodological approach to studying visual data. A major innovation of this study is first, to enact the concept and method of narrative inquiry to the digital photographs. Having applied this method, the study also offers findings about the diverse values that emerge across two specific digital parenting cultures organized via Instagram hashtags of #fashionkids and #letthekids. Values analysis of 500 photographs indicated that these hashtags (...)
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  30. On Values in Science: Is the Epistemic/Non-Epistemic Distinction Useful?Phyllis Rooney - 1992 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1992:13-22.
    The debate about the rational and the social in science has sometimes been developed in the context of a distinction between epistemic and non-epistemic values. Paying particular attention to two important discussion in the last decade, by Longino and by McMullin, I argue that a fuller understanding of values in science ultimately requires abandoning the distinction itself. This is argued directly in terms of an analysis of the lack of clarity concerning what epistemic values are. I also argue that the (...)
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  31. The Risk of Using Inductive Risk to Challenge the Value-Free Ideal.Inmaculada de Melo-Martín & Kristen Intemann - 2016 - Philosophy of Science 83 (4):500-520.
    The argument from inductive risk has been embraced by many as a successful account of the role of values in science that challenges the value-free ideal. We argue that it is not obvious that the argument from inductive risk actually undermines the value-free ideal. This is because the inductive risk argument endorses an assumption held by proponents of the value-free ideal: that contextual values never play an appropriate role in determining evidence. We show that challenging the (...)-free ideal ultimately requires rejecting this assumption. (shrink)
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  32. Clinical Decisions Using AI Must Consider Patient Values.Jonathan Birch, Kathleen A. Creel, Abhinav K. Jha & Anya Plutynski - 2022 - Nature Medicine 28:229–232.
    Built-in decision thresholds for AI diagnostics are ethically problematic, as patients may differ in their attitudes about the risk of false-positive and false-negative results, which will require that clinicians assess patient values.
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  33.  3
    Working with values: software of the mind: a systematic and practical account of purpose, value, and obligation in organizations and society: the original reference text as used by consultants in SIGMA, the Centre for Transdisciplinary Science.Warren Kinston & Sigma Centre - 1995 - London, U.K.: The Centre.
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  34.  19
    A Useful Four-Valued Extension of the Temporal Logic KtT4.Vincent Degauquier - 2018 - Bulletin of the Section of Logic 47 (1):15-31.
    The temporal logic KtT4 is the modal logic obtained from the minimal temporal logic Kt by requiring the accessibility relation to be reflexive and transitive. This article aims, firstly, at providing both a model-theoretic and a proof-theoretic characterisation of a four-valued extension of the temporal logic KtT4 and, secondly, at identifying some of the most useful properties of this extension in the context of partial and paraconsistent logics.
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  35.  7
    The Value of Completeness: How Mendeleev Used His Periodic System to Make Predictions.Karoliina Pulkkinen - 2019 - Philosophy of Science 86 (5):1318-1329.
    Dmitrii Mendeleev’s periodic system is known for its predictive accuracy, but talk of its completeness is rarer. This is surprising because completeness was a quality that Mendeleev saw as important for a systematization of the chemical elements. Here, I explain how Mendeleev’s valuing of completeness influenced the development of his periodic system. After introducing five indicators of its completeness, I zoom into one in particular: Mendeleev’s inclusion of a schematic row of oxides. I then show how it guided Mendeleev’s predictions (...)
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  36. Using Jewish Values to Teach Your Children about Money.Rje Deborah Niederman - 2019 - In Mary L. Zamore & Elka Abrahamson (eds.), The sacred exchange: creating a Jewish money ethic. New York, NY: CCAR Press.
     
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  37.  41
    Two Uses of the Analogy Between Colors and Values.Hagit Benbaji - 2015 - Journal of Philosophical Research 40:171-188.
    This paper distinguishes two different uses of the analogy between colors and values, the projectivist and the objectivist. The projectivist use of the analogy has a long history, which goes back to Hume. The objectivist use of the analogy is a fairly recent addition. The core contention of this paper is that the projectivist’s use fails, and that only the objectivist offers a genuine use for the analogy between colors and values.
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  38.  23
    Driving value through stakeholder relationships a discussion using a research-based model.Andy Ellis - 2007 - International Journal of Business Governance and Ethics 3 (3):330-348.
    Many believe that innovation offers opportunities to create wealth through innovation in the form of new services and new technologies, an aspiration often not realised in practice. Nonetheless, organisations do possess unique advantages for governing certain types of economic activity through a logic very different from that of the market. This paper suggests that governing and guiding this 'organisational economy' of many and various stakeholders is essential to creating significant value from innovation, and that governance structures should be chosen (...)
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  39. The value of practical usefulness.Rob van Someren Greve - 2014 - Philosophical Studies 168 (1):167-177.
    Some moral theories, such as objective forms of consequentialism, seem to fail to be practically useful: they are of little to no help in trying to decide what to do. Even if we do not think this constitutes a fatal flaw in such theories, we may nonetheless agree that being practically useful does make a moral theory a better theory, or so some have suggested. In this paper, I assess whether the uncontroversial respect in which a moral theory can be (...)
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  40.  15
    Sustaining Continuous Engagement in Value Co-creation Among Individuals in Universities Using Online Platforms: Role of Knowledge Self-Efficacy, Commitment and Perceived Benefits.Nabil Hasan Al-Kumaim, Abdulsalam K. Alhazmi, T. Ramayah, Muhammad Salman Shabbir & Nadhmi A. Gazem - 2021 - Frontiers in Psychology 12.
    Value Co-Creation plays a major role in engaging knowledgeable individuals in a community via innovation, problem solving, and new service/product development. This study investigates the personal factors that influence individuals’ engagement in value co-creation in Higher Education Institutions through the use of online platforms. Some higher education institutions have successfully established or used appropriate online platforms, such as online forums, web applications, and mobile applications to engage their community in ideation or crowdsourcing as a part of the (...) co-creation process. On the other hand, some HEIs have failed to engage their community in value co-creation activities, and even if they managed to engage some individuals in value co-creation once, they failed to sustain these individuals’ engagement in value co-creation using online platforms. Using the Stimulus Organism Response framework, this study examines the relationship between relevant personal factors and other motivational factors that provide perceived benefits with value co-creation engagement. Data was collected from 308 respondents at five Malaysian research universities. The software analysis tool Smart PLS is used for data analysis and validation. The results demonstrate that personal factors and perceived benefits as a motivational factor has a significant effect on individual engagement in value co-creation. However, the significance of these findings varies from one individual to another. The implications of these findings are discussed. (shrink)
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  41.  12
    The ‘values journey’ of nursing and midwifery students selected using multiple mini interviews: Evaluations from a longitudinal study.Johanna Elise Groothuizen, Alison Callwood & Helen Therese Allan - 2019 - Nursing Inquiry 26 (4):e12307.
    Values‐based practice is deemed essential for healthcare provision worldwide. In England, values‐based recruitment methods, such as multiple mini interviews (MMIs), are employed to ensure that healthcare students’ personal values align with the values of the National Health Service (NHS), which focus on compassion and patient‐centeredness. However, values cannot be seen as static constructs. They can be positively and negatively influenced by learning and socialisation. We have conceptualised students’ perceptions of their values over the duration of their education programme as a (...)
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  42. Supporting Value Sensitivity in the Humanitarian Use of Drones through An Ethics Assessment Framework.Markus Christen, Matthew Hunt & Nikola Biller-Andorno - 2022 - International Review of the Red Cross 104 (919):1397-1428.
    The current humanitarian use of drones is focused on two applications: disaster mapping and medical supply delivery. In response to the growing interest in drone deployment in the aid sector, we sought to develop a resource to support value sensitivity in humanitarian drone activities. Following a bottom-up approach encompassing a comprehensive literature review, two empirical studies, a review of guidance documents, and consultations with experts, this work illuminates the nature and scope of ethical challenges encountered by humanitarian organizations embarking (...)
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  43.  59
    Using a new analysis of the best interests standard to address cultural disputes: Whose data, which values?Loretta M. Kopelman & Arthur E. Kopelman - 2007 - Theoretical Medicine and Bioethics 28 (5):373-391.
    Clinicians sometimes disagree about how much to honor surrogates’ deeply held cultural values or traditions when they differ from those of the host country. Such a controversy arose when parents requested a cultural accommodation to let their infant die by withdrawing life saving care. While both the parents and clinicians claimed to be using the Best Interests Standard to decide what to do, they were at an impasse. This standard is analyzed into three necessary and jointly sufficient conditions and used (...)
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  44.  90
    A more principled use of the p-value? Not so fast: a critique of Colquhoun’s argument.Ognjen Arandjelovic - 2019 - Royal Society Open Science 6 (5):181519.
    The usefulness of the statistic known as the p-value, as a means of quantify-ing the strength of evidence for the presence of an effect from empirical data has long been questioned in the statistical community. In recent years there has been a notable increase in the awareness of both fundamental and practical limitations of the statistic within the target research fields, and especially biomedicine. In this article I analyse the recently published article which, in summary, argues that with a (...)
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  45.  9
    Matching values to technology: a value sensitive design approach to identify values and use cases of an assistive system for people with dementia in institutional care.Stefan J. Teipel, Antonia Kowe, Doreen Görß & Stefanie Köhler - 2022 - Ethics and Information Technology 24 (3):1-17.
    The number of people with dementia is increasing worldwide. At the same time, family and professional caregivers’ resources are limited. A promising approach to relieve these carers’ burden and assist people with dementia is assistive technology. In order to be useful and accepted, such technologies need to respect the values and needs of their intended users. We applied the value sensitive design approach to identify values and needs of patients with dementia and family and professional caregivers in respect to (...)
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  46.  42
    Using Social Identity Theory to Predict Managers' Emphases on Ethical and Legal Values in Judging Business Issues.John A. Pearce - 2013 - Journal of Business Ethics 112 (3):497-514.
    The need to fill three gaps in ethics research in a business context sparked the current study. First, the distinction between the concepts of “ethical” and “legal” needs to be incorporated into theory building and empiricism. Second, a unifying theory is needed that can explain the variables that influence managers to emphasize ethics and legality in their judgments. Third, empirical evidence is needed to confirm the predictive power of the unifying theory, the discernable influence of personal and organizational variables, and (...)
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  47.  32
    The Value and Ethics of Using Technology to Contain the COVID-19 Epidemic.Alex Dubov & Steven Shoptawb - 2020 - American Journal of Bioethics 20 (7):W7-W11.
    Volume 20, Issue 7, July 2020, Page W7-W11.
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  48.  25
    Using sound-taste correspondences to enhance the subjective value of tasting experiences.Felipe Reinoso Carvalho, Raymond Van Ee, Monika Rychtarikova, Abdellah Touhafi, Kris Steenhaut, Dominique Persoone & Charles Spence - 2015 - Frontiers in Psychology 6.
  49. Supporting value sensitivity in the humanitarian use of drones through an ethics assessment framework.Ning Wang, Markus Christen, Matthew Hunt & Nikola Biller-Andorno - 2022 - International Review of the Red Cross 104 (919):1397 - 1428.
    The current humanitarian use of drones is focused on two applications: disaster mapping and medical supply delivery. In response to the growing interest in drone deployment in the aid sector, we sought to develop a resource to support value sensitivity in humanitarian drone activities. Following a bottom-up approach encompassing a comprehensive literature review, two empirical studies, a review of guidance documents, and consultations with experts, this work illuminates the nature and scope of ethical challenges encountered by humanitarian organizations embarking (...)
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  50.  19
    Using real options to value modularity in standards.Mark Gaynor & Scott Bradner - 2001 - Knowledge, Technology & Policy 14 (2):41-66.
    This paper proposes a model of technology standardization based on modular standards and the effect of market uncertainty on the value of modularity in standards. A real options model quantifies the value of modularity in standards, illustrating that a rational way to standardize some IT technology in uncertain markets is with modular design, end-2-end structure, and proper staging of the standard. Highly modularized standards provide a higher option value because of the ability to select the best modules (...)
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