IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-01542423.html
   My bibliography  Save this paper

Fuzzy expected utility

Author

Listed:
  • Bernadette Mathieu

    (IME - Institut de mathématiques économiques - UB - Université de Bourgogne)

Abstract

Decision making under uncertainty requires not only measures of the uncertainty of situations that we try to recognize , but also an estimate of the imprecision from which they are determined. This imprecision can be the result either of a lack of exactness in the measure of the elements which are necessary to the determination of the states of nature or the purely subjective interpretation of these states. Through a subjective measure of the non-measurable imprecision, the purpose of the fuzzy expected utility, which is investigated, is to translate with a great accuracy the imprecise behaviour of the decision-maker in an uncertain world. Consequently we propose to introduce first the probability of a fuzzy subset, or fuzzy event, to the theory of fuzzy utility, also called "fuzzy stochastic utility".

Suggested Citation

  • Bernadette Mathieu, 1984. "Fuzzy expected utility," Working Papers hal-01542423, HAL.
    • Handle: RePEc:hal:wpaper:hal-01542423
    Note: View the original document on HAL open archive server: https://hal.science/hal-01542423
    as

    Download full text from publisher

    File URL: https://hal.science/hal-01542423/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. PREVOT, Michel, 1975. "Probability calculation and fuzzy subsets theory," Institut des Mathématiques Economiques – Document de travail de l’I.M.E. (1974-1993) 14, Institut des Mathématiques Economiques. LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS, Université de Bourgogne.
    2. Ponsard, Claude, 1982. "Producer's spatial equilibrium with a fuzzy constraint," European Journal of Operational Research, Elsevier, vol. 10(3), pages 302-313, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Claude Ponsard, 1983. "Spatial fuzzy consumer's behavior : a multidimensional analysis," Working Papers hal-01533737, HAL.
    2. Claude Ponsard, 1980. "Fuzzy economic spaces," Working Papers hal-01527230, HAL.
    3. Claude Ponsard, 1980. "Producer's spatial equilibrium with a fuzzy constraint," Working Papers hal-01542346, HAL.
    4. Catherine Baumont, 1990. "Job seeker's spatial equilibrium in a fuzzy mathematical framework," Working Papers hal-01539104, HAL.
    5. Catherine Baumont, 1990. "Job seeker's spatial equilibrium in a fuzzy mathematical framework," Working Papers hal-01545755, HAL.

    More about this item

    Keywords

    Decision making; Fuzzy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-01542423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.