Preference solutions of probability decision making with rim quantifiers: Research Articles

  • Authors:
  • Xinwang Liu

  • Affiliations:
  • School of Economics and Management, Southeast University, Nanjing 210096, China

  • Venue:
  • International Journal of Intelligent Systems
  • Year:
  • 2005

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Abstract

This article extends the quantifier-guided aggregation method to include probabilistic information. A general framework for the preference solution of decision making under an uncertainty problem is proposed, which can include decision making under ignorance and decision making under risk methods as special cases with some specific preference parameters. Almost all the properties, especially the monotonicity property, are kept in this general form. With the generating function representation of the Regular Increasing Monotone (RIM) quantifier, some properties of the RIM quantifier are discussed. A parameterized RIM quantifier to represent the valuation preference for probabilistic decision making is proposed. Then the risk attitude representation method is integrated in this quantifier-guided probabilistic decision making model to make it a general form of decision making under uncertainty. © 2005 Wiley Periodicals, Inc. Int J Int Syst 20: 1253–1271, 2005.