A three-way decision model based on cumulative prospect theory
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 …
In this paper, we propose a novel three-way decision model based on cumulative prospect …
A prospect theory-based three-way decision model
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 …
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 …
issue. The prospect theory is widely used to reflect decision-makers' risk attitudes and the …
A novel prospect-theory-based three-way decision methodology in multi-scale information systems
In an uncertain and complex decision-making environment, limited by the scope of human
cognition, traditional utility decision-making has a certain deviation to actual decision …
cognition, traditional utility decision-making has a certain deviation to actual decision …
Risk decision-making method using interval numbers and its application based on the prospect value with multiple reference points
J Zhu, Z Ma, H Wang, Y Chen - Information Sciences, 2017 - Elsevier
A multi-attribute risk decision-making problem using interval numbers is studied based on
the prospect theory. A decision-making process often involves various reference standards …
the prospect theory. A decision-making process often involves various reference standards …
A further critique of cumulative prospect theory and related approaches
M Nwogugu - Applied mathematics and computation, 2006 - Elsevier
This article builds on prior work done in [M. Nwogugu, Towards multifactor models of
decision making and risk: a critique of prospect theory and related approaches, part one …
decision making and risk: a critique of prospect theory and related approaches, part one …
A three-way decision approach with a probability dominance relation based on prospect theory for incomplete information systems
W Wang, J Zhan, E Herrera-Viedma - Information Sciences, 2022 - Elsevier
The processing scheme of typical incomplete information systems has been widely explored
nowadays, however most of these approaches may change the original data information …
nowadays, however most of these approaches may change the original data information …
Dynamic stochastic multi-criteria decision making method based on cumulative prospect theory and set pair analysis
J Hu, L Yang - Systems Engineering Procedia, 2011 - Elsevier
A method based on cumulative prospect theory and set pair analysis is proposed for
dynamic stochastic multi-criteria decision making problems, in which the information about …
dynamic stochastic multi-criteria decision making problems, in which the information about …
A decision-making framework based on prospect theory with probabilistic linguistic term sets
J Gu, Y Zheng, X Tian, Z Xu - Journal of the Operational Research …, 2021 - Taylor & Francis
In real-world decisions, we often encounter situations when decision-makers'(DMs')
preferences can only be expressed as uncertain linguistic terms instead of crisp values …
preferences can only be expressed as uncertain linguistic terms instead of crisp values …
Three-way decision based on third-generation prospect theory with Z-numbers
Three-way decision provides a practical and updated research orientation to deal with
decision problems. In this article, a new three-way decision model combined with Z-numbers …
decision problems. In this article, a new three-way decision model combined with Z-numbers …