Financial Decision Making with the Fuzzy Generalized Probabilistic Weighted Averaging Operator
نویسندگان
چکیده
We present a new financial decision making model by using the fuzzy generalized probabilistic weighted averaging (FGPWA) operator. The main advantage of this new approach is that it is able to deal with probabilities (objective information) and weighted averages (subjective information) in the same formulation. Moreover, it is also able to deal with an uncertain environment that can be assessed with fuzzy numbers. Furthermore, it uses generalized and quasi-arithmetic means providing a more robust formulation of the model. We study the applicability of the new approach on a financial decision making problem concerning the selection of financial strategies. JEL Classification: C44, C49, D81, D89.
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