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used in economics and explain the well-known problems such as Allais’ paradox. Illustrated examples of ruptures are …
Persistent link: https://www.econbiz.de/10009403452
The article is devoted to data dispersion in economics. The state of the art and the problems of the utility theory are … briefly reviewed. Examples of typical paradoxes, which are analyzed by the utility theory, are given. Analogous paradoxes may … probability scale are considered and analyzed. …
Persistent link: https://www.econbiz.de/10010686071
-zero dispersion of the function is proved. The theorem has an applied character. It is aimed to be used in the probability theory and … statistics and further in economics. Its ultimate aim is to help to answer the Aczél-Luce question whether W(1)=1 and to explain …, at least partially, the well-known problems and paradoxes of the utility theory, such as the underweighting of high and …
Persistent link: https://www.econbiz.de/10011113980
A theorem of existence of ruptures in the probability scale has been proven. The theorem can be used, e.g., in … economics and forecasting. It can assist to solve paradoxes such as Allais paradox and the “four-fold-pattern” paradox and to …
Persistent link: https://www.econbiz.de/10008596366
The theorem of existence of the ruptures in the probability scale has been proved for a discrete case. The theorem can … be used, e.g., in economics and forecasting. It can assist to solve paradoxes such as Allais paradox and the “four …
Persistent link: https://www.econbiz.de/10008526960
and of the probability scale. The theorems can be used, e.g., in economics and forecasting. …
Persistent link: https://www.econbiz.de/10008574286
The theorem of existence of ruptures in the probability scale has been proved. The theorem can be used, e.g., in … economics and forecasting. It can assist to solve paradoxes such as Allais paradox and the “four-fold-pattern” paradox and to …
Persistent link: https://www.econbiz.de/10008577644
The article raises the question of possible existence of ruptures, gaps in the probability scale which are caused by … noises, uncertainties. A hypothesis of existence of such ruptures may be used to solve a number of problems of, e.g., utility … theory in economics. The calculations give the dimensions of ruptures can be more than 1/3 of the standard deviation for the …
Persistent link: https://www.econbiz.de/10008587482
dealing with multi-criteria decision- making problem. Design/methodology/approach - Introducing a multi-criteria decision … criteria. Originality/value - This paper put forward an effective multi-criteria decision-making dealing with uncertain …
Persistent link: https://www.econbiz.de/10012695173
analogies between M-DM under certainty and scenario-based one-criterion decision making under uncertainty (1-DMU) have not been …The goal programming (GP) is a well-known approach applied to multi-criteria decision making (M-DM). It has been used … hybrids for 1-DMU are formulated. They differ from each other in terms of the type of the decision maker considered (pessimist …
Persistent link: https://www.econbiz.de/10012388744