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3. Applications in fuzzy decision making



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a)   The MaxEmin Principle

To obtain the maximally warranted expected value, the decision maker has to choose the strategy which maximizes the minimal expected value. This procedure leads to the MaxEmin - Principle and is an extension of the Bernoulli-principle /2/.

 

b)   The MaxWmin Principle

This principle leads to the maximal guaranteed weighted sums, regarding the extreme weights /5/.

 

c)   The Prognostic Decision Principle (PDP)

This principle is based on the prognostic interpretation of strategies under fuzziness. For a comprehensive description of the prognostics, please refer to /17/.

 

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