A model for determining the utility function using Fuzzy numbers
Keywords:
utility function, fuzzy numbers, St. Petersburg paradoxAbstract
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.Downloads
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Copyright (c) 2015 Bulletin of the Transilvania University of Brasov. Series V: Economic Sciences
This work is licensed under a Creative Commons Attribution 4.0 International License.