Foundations of boundedly rational choice and satisficing decisions.
Applying the Owen construction of value of games with a priori unions to the normalized Banzhaf value gives a new type of the normalized Banzhaf value for games with a priori unions. Using a simple example of a four-person voting game with a priori unions, it is shown that this value is different from those known in the literature: the normalized Owen-Banzhaf value, the Banzhaf share function defined by van der Laan and van den Brink and the Banzhaf index for simple games with a priori unions introduced...
In this study, we present an epidemic model that characterizes the behavior of a financial network of globally operating stock markets. Since the long time series have a global memory effect, we represent our model by using the fractional calculus. This model operates on a network, where vertices are the stock markets and edges are constructed by the correlation distances. Thereafter, we find an analytical solution to commensurate system and use the well-known differential transform method to obtain...
Coherent risk measures [ADEH], introduced to study both market and nonmarket risks, have four characteristic properties that lead to the term “coherent” present in their name. Coherent risk measures regarded as functionals on the space have been extensively studied [De] with respect to these four properties. In this paper we introduce CRM functionals, defined as isotonic Banach functionals [Al], and use them to characterize coherent risk measures on the space as order opposites of CRM functionals....
Hasta ahora, la teoría de la utilidad y la programación compromiso (CP) se han considerado como diferentes paradígmas y metodologías para medir preferencias así como para determinar una decisión óptima sobre una frontera eficiente. Sin embargo, en este artículo demostramos que una función de utilidad con independencia aditiva (expandida alrededor del punto ideal) es reducible a la suma ponderada de las distancias CP conmetricas desde 1 a infinito. Este enlace entre utilidad y compromiso se fundamenta...
This paper suggests models of the landscape complexes based on the theory of complex systems and category-functorial approach. With the use of the space Landsat images the existence of the Earth's landscape field is proved and criteria of its parameter characterization is suggested. The unity of spatiotemporal changes of the landscape units is substantiated.
We use a set theoretic approach to consensus by viewing an object as a set of smaller pieces called “bricks”. A consensus function is neutral if there exists a family D of sets such that a brick s is in the output of a profile if and only if the set of positions with objects that contain s belongs to D. We give sufficient set theoretic conditions for D to be a lattice filter and, in the case of a finite lattice, these conditions turn out to be necessary. Ourfinal result, which involves a finite...
The uncertainty of expectations and vagueness of the interests belong to natural components of cooperative situations, in general. Therefore, some kind of formalization of uncertainty and vagueness should be included in realistic models of cooperative behaviour. This paper attempts to contribute to the endeavour of designing a universal model of vagueness in cooperative situations. Namely, some initial auxiliary steps toward the development of such a model are described. We use the concept of fuzzy...
In this paper, a solution procedure is proposed to solve fuzzy linear fractional programming (FLFP) problem where cost of the objective function, the resources and the technological coefficients are triangular fuzzy numbers. Here, the FLFP problem is transformed into an equivalent deterministic multi-objective linear fractional programming (MOLFP) problem. By using Fuzzy Mathematical programming approach transformed MOLFP problem is reduced single objective linear programming (LP) problem. The proposed...