Decision making with attitudinal based expected values
by Kurt J. Engemann, Holmes E. Miller, Ronald R. Yager
International Journal of Technology, Policy and Management (IJTPM), Vol. 4, No. 4, 2004

Abstract: We provide the conceptual framework for attitudinal based expected values for continuous random variables. We introduce a new methodology to allow the decision maker to incorporate his own disposition with objective information in a risk environment. We provide an extension of the OWA operator to the case in which our argument is a continuous valued interval rather than a finite set of values. We look at some examples of this type of aggregation. We propose a method of incorporating the relative value of an alternative's intangible factors into the decision process.

Online publication date: Mon, 28-Mar-2005

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