Fuzzy probability vectors |
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| Authors: | William E Stein |
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| Institution: | Department of Business Analysis, Texas A&M University, College Station, TX 77843, USA |
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| Abstract: | Several recent papers have discussed an extension of decision analysis: both the rewards and probabilities are modelled using fuzzy sets. However, arbitrary specification of the membership functions of the fuzzy probabilities in these models may lead to internal inconsistencies. To avoid this, the fuzzy beta possibility distribution is introduced. |
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| Keywords: | Beta distribution Joint possibility distributions Fuzzy probabilities Interactive fuzzy sets |
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