Decision field theory extensions for behavior modeling in dynamic environment using Bayesian belief network

  • Authors:
  • Seungho Lee;Young-Jun Son;Judy Jin

  • Affiliations:
  • Systems and Industrial Engineering, The University of Arizona, Tucson, AZ, USA;Systems and Industrial Engineering, The University of Arizona, Tucson, AZ, USA;Industrial and Operations Engineering, University of Michigan, Ann Arbor, MI, USA

  • Venue:
  • Information Sciences: an International Journal
  • Year:
  • 2008

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Abstract

Decision field theory (DFT), widely known in the field of mathematical psychology, provides a mathematical model for the evolution of the preferences among options of a human decision-maker. The evolution is based on the subjective evaluation for the options and his/her attention on an attribute (interest). In this paper, we extend DFT to cope with the dynamically changing environment. The proposed extended DFT (EDFT) updates the subjective evaluation for the options and the attention on the attribute, where Bayesian belief network (BBN) is employed to infer these updates under the dynamic environment. Four important theorems are derived regarding the extension, which enhance the usability of EDFT by providing the minimum time steps required to obtain the stabilized results before running the simulation (under certain assumptions). A human-in-the-loop experiment is conducted for the virtual stock market to illustrate and validate the proposed EDFT. The preliminary result is quite promising.