A model for determining the utility function using Fuzzy numbers

Authors

  • D. Lixandroiu Transilvania University of Brasov, Romania

Keywords:

utility function, fuzzy numbers, St. Petersburg paradox

Abstract

This paper proposes an interactive model for determining the utility function of the decision-maker. The model is based on the estimation of the certainty equivalent, which is estimated by the decision maker as a trapezoidal fuzzy number.

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Published

2015-12-11

Issue

Vol. 8(57) No. 2 (2015)

Section

ECONOMIC DATA PROCESSING

License

Copyright (c) 2015 Bulletin of the Transilvania University of Brasov. Series V: Economic Sciences

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.