UNCERTAIN DECISION MAKING AND ITS APPLICATION TO PORTFOLIO SELECTION PROBLEM
2014 ◽
Vol 22
(01)
◽
pp. 113-123
◽
Keyword(s):
In the traditional decision theory, choice with undetermined consequence is usually regarded as random variable, which usually describes objective uncertainty. This paper first considers the human uncertainty in making decisions, and employs uncertain variable to describe the choice. Utility function is also employed in the paper, and expected utility is introduced as a criterion to rank the choices. At last, in order to illustrate the uncertain decision making method, a portfolio selection problem is considered.
2012 ◽
Vol 8
(1)
◽
pp. 243-261
◽
2015 ◽
Vol 22
(3)
◽
pp. 287
2014 ◽
Vol 7
(2)
◽
pp. 208
◽
Keyword(s):
2018 ◽
Vol 17
(4)
◽
pp. 632-641
2017 ◽
Vol 13
(5)
◽
pp. 0-0
2012 ◽
Vol 42
(6)
◽
pp. 1510-1518
◽
Keyword(s):
2010 ◽
Vol 9
(1/2)
◽
pp. 206
◽