Aplicação da lógica fuzzy em processos de decisão econômica

Alexandre Souza () and Gabriel Porcile ()
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Alexandre Souza: Departments of Economis, Banco Central do Brasil

No 84, Working Papers from Universidade Federal do Paraná, Department of Economics

Abstract: In the nonconventional economic literature decision processes are mainly analyzed on the basis of cognitive aspects (such as the existence of limited rationality) and institutional aspects (such as rules of thumb, institutions and conventions). The fuzzy logic, in turn, offers a form of treating the decision process when agents only have imprecise and subjective information in a context of complexity and uncertainty. This paper discusses the points of convergence and complementarities between the fuzzy logic and the theory of behavior based on limited rationality and rule-guided economic behavior.

Keywords: complexity; uncertainty; decision; fuzzy (search for similar items in EconPapers)
JEL-codes: B41 C45 D81 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009
Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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