Decision making with attitudinal based expected values Online publication date: Mon, 28-Mar-2005
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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