Utility-based three-way decisions model

N Zhang, LL Jiang, XD Yue, J Zhou - CAAI Trans Intell Syst, 2016 - tis.hrbeu.edu.cn
Risk decisions are usually influenced by subjective and objective factors. During the process
of decision-making, decisions are based not only on the objective risk but also on the …

A prospect theory-based three-way decision model

T Wang, H Li, X Zhou, B Huang, H Zhu - Knowledge-Based Systems, 2020 - Elsevier
In three-way decision, how to reflect the risk attitude in determining decision rules is an
important issue. In the classical three-way decision model, loss functions are used to …

An improved three-way decision model based on prospect theory

Y Zhong, Y Li, Y Yang, T Li, Y Jia - International Journal of Approximate …, 2022 - Elsevier
In three-way decision, how to describe the risk attitudes of decision-makers is an important
issue. The prospect theory is widely used to reflect decision-makers' risk attitudes and the …

A three-way decision model based on cumulative prospect theory

T Wang, H Li, L Zhang, X Zhou, B Huang - Information Sciences, 2020 - Elsevier
In three-way decision, the description on the risk attitude of decision-makers is a focus topic.
In this paper, we propose a novel three-way decision model based on cumulative prospect …

Risk attributes theory: decision making under risk

Y He, RH Huang - European journal of operational research, 2008 - Elsevier
In this paper, some limitations in the conventional theories and models of the decision
making under risk are presented from a new angle. To eliminate those limitations, a …

Three-way group decisions based on prospect theory

S Liua, X Liu, J Qin - Journal of the operational research society, 2018 - Taylor & Francis
The three-way decision method is a new developing uncertain decision theory. The method
divides a set of decision alternatives into three regions, called the acceptance, rejection, and …

An empirical examination of multiple objective risk attitudes

WK Klimack, JM Kloeber Jr, KW Bauer… - Decision …, 2015 - pubsonline.informs.org
We experimentally examined the relationships between the measurable value and utility
functions of a nonmonetary multidimensional decision situation for a number of subjects. We …

An attribute fuzzy concept-oriented three-way utility decision model in multi-attribute environments

Z Qi, H Li, K Zhang, J Dai - Applied Soft Computing, 2023 - Elsevier
In recent years, an increasing number of researchers have focused on how to leverage
limited information to make more reasonable decisions, thereby reducing the decision …

Risk matrix integrating risk attitudes based on utility theory

X Ruan, Z Yin, DM Frangopol - Risk Analysis, 2015 - Wiley Online Library
Recent studies indicate that absence of the consideration of risk attitudes of decisionmakers
in the risk matrix establishment process has become a major limitation. In order to evaluate …

A three-way decision approach with S-shaped utility function under Pythagorean fuzzy information

J Yi, Y Liu, JYL Forrest, X Guo, X Xu - Expert Systems with Applications, 2022 - Elsevier
Three-way decision, as opposed to conventional two-way decision-making, can more
effectively reduce decision-making risks by adding a postponed decision-making. With …