Journal
INTERNATIONAL JOURNAL OF UNCERTAINTY FUZZINESS AND KNOWLEDGE-BASED SYSTEMS
Volume 22, Issue 1, Pages 113-123Publisher
WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S0218488514500056
Keywords
Decision making; utility function; uncertain variable; portfolio selection
Categories
Funding
- National Natural Science Foundation of China [61273044, 71171191]
- Renmin University of China [10XNJ021]
Ask authors/readers for more resources
In the traditional decision theory, choice with undetermined consequence is usually regarded as random variable, which usually describes objective uncertainty. This paper first considers the human uncertainty in making decisions, and employs uncertain variable to describe the choice. Utility function is also employed in the paper, and expected utility is introduced as a criterion to rank the choices. At last, in order to illustrate the uncertain decision making method, a portfolio selection problem is considered.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available