Results 21 to 30 of about 6,227,183 (247)

Towards a general class of parametric probability weighting functions [PDF]

open access: yesSoft Computing, 2020
AbstractIn this study, we present a novel methodology that can be used to generate parametric probability weighting functions, which play an important role in behavioral economics, by making use of the Dombi modifier operator of continuous-valued logic.
József Dombi 0001, Tamás Jónás
openaire   +3 more sources

EDAS method for multiple attribute group decision making with probabilistic dual hesitant fuzzy information and its application to suppliers selection

open access: yesTechnological and Economic Development of Economy, 2023
Probabilistic dual hesitant fuzzy set (PDHFS) is a more powerful and important tool to describe uncertain information regarded as generalization of hesitant fuzzy set (HFS) and dual HFS (DHFS), not only reflects the hesitant attitude of decision-makers (
Baoquan Ning   +3 more
doaj   +1 more source

WEIGHTING IMPORTANCE SAMPLING METHOD FOR STRUCTURAL TIME-DEPENDENT FAILURE PROBABILITY FUNCTION ESTIMATION

open access: yesJixie qiangdu, 2023
Time-dependent failure probability function(TDFPF) of parameters is one of the key problems of structural time-dependent reliability-based optimization.
QIAN YuGeng, YUAN XiuKai, CHEN JingQiang
doaj  

A Decision Probability Transformation Method Based on the Neural Network

open access: yesEntropy, 2022
When the Dempster–Shafer evidence theory is applied to the field of information fusion, how to reasonably transform the basic probability assignment (BPA) into probability to improve decision-making efficiency has been a key challenge.
Junwei Li, Aoxiang Zhao, Huanyu Liu
doaj   +1 more source

Transformations to symmetry based on the probability weighted characteristic function [PDF]

open access: yesKybernetika, 2015
We suggest a nonparametric version of the probability weighted empirical characteristic function (PWECF) introduced by Meintanis \et al.\ \\cite\meiswaall2014\ and use this PWECF in order to estimate the parameters of arbitrary transformations to symmetry. The almost sure consistency of the resulting estimators is shown. Finite-sample results for i.i.d.
Meintanis, Simos, Stupfler, Gilles
openaire   +6 more sources

Prospect theory: A parametric analysis of functional forms in Brazil

open access: yesRAE: Revista de Administração de Empresas, 2017
This study aims to analyze risk preferences in Brazil based on prospect theory by estimating the risk aversion parameter of the expected utility theory (EUT) for a select sample, in addition to the value and probability function parameter, assuming ...
Robert Eugene Lobel   +3 more
doaj   +3 more sources

Music-evoked incidental happiness modulates probability weighting during risky lottery choices

open access: yesFrontiers in Psychology, 2014
We often make decisions with uncertain consequences. The outcomes of the choices we make are usually not perfectly predictable but probabilistic and the probabilities can be known or unknown.
Stefan eSchulreich   +6 more
doaj   +1 more source

The Slicing Method: Determining Insensitivity Regions of Probability Weighting Functions

open access: yesComputational Economics, 2021
A popular rule of thumb, usually called "heuristic technique" in Behavioral Economics, for determining the likelihood insensitivity regions of probability weighting functions (pwf's) is based on searching for points at which the pwf's are twice their values at half the points.
Egozcue, Martin   +2 more
openaire   +3 more sources

Feedback Influences Discriminability and Attractiveness Components of Probability Weighting in Descriptive Choice Under Risk

open access: yesFrontiers in Psychology, 2019
Our understanding of the decisions made under scenarios where both descriptive and experience-based information are available is very limited. Underweighting of small probabilities was observed in the gain domain when both description and experience were
Shruti Goyal, Krishna P. Miyapuram
doaj   +1 more source

Risk Attitude in the DuLong Minority Ethnicity of China

open access: yesFrontiers in Psychology, 2021
Prospect theory predicts a four-fold risk attitude, which means that people are risk seeking for low-probability gain and high-probability loss and risk averse for low-probability loss and high-probability gain because they overweight probability when it
Lili Tan, Siyuan Li, Xiaomin Zhang
doaj   +1 more source

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