Title of article :
LIKERT-TYPE FUZZY UNCERTAINTY FROM A TRADITIONAL DECISION MAKING VIEWPOINT: HOW SYMMETRY HELPS EXPLAIN HUMAN DECISION MAKING (INCLUDING SEEMINGLY IRRATIONAL BEHAVIOR) (SURVEY)
Author/Authors :
LORKOWSKI, J. University of Texas at El Paso - Department of Computer Science, USA , KREINOVICH, V. University of Texas at El Paso - Department of Computer Science, USA
Abstract :
One of the main methods for eliciting the values of the membership function μ(x) is to use the Likert-type scales, i.e., to ask the user to mark his or her degree of certainty by an appropriate mark k on a scale from 0 to n, and take μ(x) = k/n. In this paper, we show how to describe this process in terms of the traditional decision making, and we conclude that the resulting membership degrees incorporate both probability and utility information. It is therefore not surprising that fuzzy techniques often work better than probabilistic techniques (which only take into account the probability of different outcomes). We also show how symmetry helps explain human decision making, including seemingly irrational behavior
Keywords :
Decision Theory , Bounded Rationality , Fuzzy Uncertainty , Irrational Behavior
Journal title :
Applied and Computational Mathematics
Journal title :
Applied and Computational Mathematics