TY - CHAP
T1 - Fuzzy-rational betting on sport games with interval probabilities
AU - Tenekedjiev, Kiril I.
AU - Nikolova, Natalia D.
AU - Kobashikawa, Carlos A.
AU - Hirota, Kaoru
PY - 2008
Y1 - 2008
N2 - The paper discusses betting on sport events by a fuzzy-rational decision maker, who elicits interval subjective probabilities, which may be conveniently described by intuitionistic fuzzy sets. Finding the optimal bet for this decision maker is modeled and solved using fuzzy-rational generalized lotteries of II type. Approximation of interval probabilities is performed with the use of four criteria under strict uncertainty. Four expected utility criteria are formulated on that basis. The scheme accounts for the interval character of probability elicitation results.
AB - The paper discusses betting on sport events by a fuzzy-rational decision maker, who elicits interval subjective probabilities, which may be conveniently described by intuitionistic fuzzy sets. Finding the optimal bet for this decision maker is modeled and solved using fuzzy-rational generalized lotteries of II type. Approximation of interval probabilities is performed with the use of four criteria under strict uncertainty. Four expected utility criteria are formulated on that basis. The scheme accounts for the interval character of probability elicitation results.
UR - https://www.scopus.com/pages/publications/51349108422
U2 - 10.1007/978-3-540-77623-9_25
DO - 10.1007/978-3-540-77623-9_25
M3 - Chapter
AN - SCOPUS:51349108422
SN - 9783540776215
T3 - Studies in Computational Intelligence
SP - 431
EP - 454
BT - Intelligent Techniques and Tools for Novel System Architectures
A2 - Chountas, Panagiotis
A2 - Petrounias, Ilias
A2 - Kacprzyk, Janusz
ER -