Probabilities of fuzzy events and their use in decision matrices (Q2204256)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Probabilities of fuzzy events and their use in decision matrices |
scientific article |
Statements
Probabilities of fuzzy events and their use in decision matrices (English)
0 references
15 October 2020
0 references
Summary: In decision-making problems, we often meet vaguely described events. Fuzzy sets can be used to represent such events. We analyse how can two different ways of expressing the probability of fuzzy events that are proposed in the literature be applied to a decision matrix where the states of the world are modelled by fuzzy sets. The problem is illustrated by an example.
0 references
decision making
0 references
risk
0 references
decision matrices
0 references
fuzzy events
0 references
probability measures
0 references
fuzzy probability spaces
0 references
fuzzy probabilities
0 references
fuzzy expected value
0 references
fuzzy sets
0 references
modelling
0 references
