On subjective expected value under ambiguity
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F20%3A00533666" target="_blank" >RIV/67985556:_____/20:00533666 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31160/20:00056433
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0888613X20302346" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0888613X20302346</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.ijar.2020.09.002" target="_blank" >10.1016/j.ijar.2020.09.002</a>
Alternative languages
Result language
angličtina
Original language name
On subjective expected value under ambiguity
Original language description
The paper describes decision-making models based on a newly introduced notion of personal expected value. Such models exhibit the ambiguity aversion, which is controlled by a subjective parameter with the semantics of “the higher the aversion, the higher the coefficient”. For negative values of this parameter, the models thus manifest a positive attitude to ambiguity. If this parameter equals zero, then the respective model turns into the usual belief function without the aversion to ambiguity. In this case, the personal expected value equals the recently introduced Shenoy’s expectation. Finally, the behavior of these models is briefly compared with experimental data.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
20205 - Automation and control systems
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Approximate Reasoning
ISSN
0888-613X
e-ISSN
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Volume of the periodical
127
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
13
Pages from-to
70-82
UT code for WoS article
000591502900005
EID of the result in the Scopus database
2-s2.0-85093669101