Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/20800
Title: Modelling subjective utility through entropy
Authors: Aggarwal, Manish
Keywords: Expected utility;fuzzy sets;Information sets;Shannon transforms;Hanman–Anirban entropy function;Multi-attribute decision-making
Issue Date: 25-Apr-2018
Publisher: Taylor & Francis Group
Abstract: We introduce a novel entropy framework for the computation of utility on the basis of an agent’s subjective evaluation of the granularised information source values. A concept of evaluating agent as an information gain function of this entropy framework is presented, which takes as its arguments both an information source value and the agent’s evaluation of the same. A method to model the agent’s perceived utility values is proposed. Based on these values, several new measures are designed for the evaluation of the information source values, perceived utilities, and the evaluating agent. A real application is included.
URI: http://hdl.handle.net/11718/20800
Appears in Collections:Journal Articles

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