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What we are learning from neurosciences about decision-making: A quest for fuzzy set technology

  • Armando Rocha
  • , Fernando Gomide
  • , Witold Pedrycz

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Classic decision theory asserts that decision makers should choose the option that offers the highest expected value. Daniel Bernoulli [24] (Trepel, Fox and Poldrack, 2005) suggested that people do not evaluate options by their objective value but rather by their utility and conjectured that appropriate choices are those for which the expected utility is maximum. Bernoulli also argued that utility functions should to be a concave function because he assumed that the marginal utility decreases as the assets increases.

Original languageEnglish
Title of host publicationViews on Fuzzy Sets and Systems from Different Perspectives
Subtitle of host publicationPhilosophy and Logic, Criticisms and Applications
EditorsRudolf Seising
Pages361-375
Number of pages15
DOIs
Publication statusPublished - 2009

Publication series

NameStudies in Fuzziness and Soft Computing
Volume243
ISSN (Print)1434-9922

ASJC Scopus subject areas

  • Computer Science (miscellaneous)
  • Computational Mathematics

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