Fuzzy Probability Spaces and Their Applications in Decision Making

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15310%2F06%3A00010106" target="_blank" >RIV/61989592:15310/06:00010106 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Fuzzy Probability Spaces and Their Applications in Decision Making

Original language description

In this paper, two types of fuzzy probability spaces will be introduced and their applications in methods of decision making under risk (especially in the Decision Matrix Method) will be described. First, a fuzzy probability space that generalizes the classical probability space (R^n,B_n,p) to the situation of fuzzy random events will be studied. It will be applied to perform fuzzy discretization of continuous risk factors. Second, a fuzzy probability space that enables an adequate mathematical modelling of expertly set uncertain probabilities of states of the world will be defined. The presented theoretical results will be illustrated with two examples comparing stock yields.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BA - General mathematics

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2006

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Austrian Journal of Statistics

ISSN

1026-597X

e-ISSN

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Volume of the periodical

35

Issue of the periodical within the volume

2/3

Country of publishing house

AT - AUSTRIA

Number of pages

10

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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