Decision Making by Hybrid Probabilistic - Possibilistic Utility Theory

Endre Pap ()
Additional contact information
Endre Pap: Department of Mathematics and Informatics, University Novi Sad and Academy of Sciences and Arts of Vojvodina, Novi Sad, Serbia

Panoeconomicus, 2009, vol. 56, issue 4, pages 421-433

Abstract: It is presented an approach to decision theory based upon nonprobabilistic uncertainty. There is an axiomatization of the hybrid probabilisticpossibilistic mixtures based on a pair of triangular conorm and triangular norm satisfying restricted distributivity law, and the corresponding non-additive Smeasure. This is characterized by the families of operations involved in generalized mixtures, based upon a previous result on the characterization of the pair of continuous t-norm and t-conorm such that the former is restrictedly distributive over the latter. The obtained family of mixtures combines probabilistic and idempotent (possibilistic) mixtures via a threshold.

Keywords: Decision making; Utility theory; Possibilistic mixture; Hybrid probabilistic- possibilistic mixture; Triangular norm; Triangular conorm; Pseudoadditive measure. (search for similar items in EconPapers)
JEL-codes: C44 L97 (search for similar items in EconPapers)
Date: 2009
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.panoeconomicus.rs/casopis/2009_4/01%20Pap%20Endre.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:voj:journl:v:56:y:2009:i:4:p:421-433

Access Statistics for this article

Panoeconomicus is edited by Kosta Josifidis

More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Series data maintained by Ivana Horvat ().