How Much For an Interval? a Set? a Twin Set? a p-Box? A Kaucher Interval? Towards an Economics-Motivated Approach to Decision Making Under Uncertainty

Authors

Joe Lorkowski, The University of Texas at El PasoFollow
Vladik Kreinovich, The University of Texas at El PasoFollow

Publication Date

12-2014

Comments

Technical Report: UTEP-CS-14-78

Abstract

A natural idea of decision making under uncertainty is to assign a fair price to different alternatives, and then to use these fair prices to select the best alternative. In this paper, we show how to assign a fair price under different types of uncertainty.