A Functional Representation of Fuzzy Preferences ()
ABSTRACT
This paper defines a well-behaved fuzzy order and finds a simple functional representation
for the fuzzy preferences. It includes the existing utility theory for exact
preferences (no fuzziness) as a special case. It is a simple and intuitive extension of
the utility theory under uncertainty, which can potentially be used to explain a few
known paradoxes against the existing expected utility theory.
Share and Cite:
Wang, S. (2017) A Functional Representation of Fuzzy Preferences.
Theoretical Economics Letters,
7, 13-22. doi:
10.4236/tel.2017.71002.
Cited by
No relevant information.