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- W503857 abstract "It is widely accepted that a common precept for the choice under uncertainty is to use the expected utility maximization principle, which was established axiomatically. Recently, a formal equivalence between this principle of choice and the target-based principle, that suggests that one should select an action which maximizes the (expected) probability of meeting a (probabilistic) uncertain target, has been established and extensively discussed. In this paper, we discuss the issue of how to bring fuzzy targets within the reach of the target-based model for a class of decision making under uncertainty problems. Two methods for inducing utility functions from fuzzy targets are discussed and illustrated with an example taken from the literature." @default.
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- W503857 date "2006-01-01" @default.
- W503857 modified "2023-09-22" @default.
- W503857 title "Utility Function Induced by Fuzzy Target in Probabilistic Decision Making" @default.
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- W503857 doi "https://doi.org/10.1007/11908029_32" @default.
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