convergence in a sequential two stages decision making process

Convergence in a sequential two stages decision making process

We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...

Possibilistic sequential decision making

Article history: Received 21 March 2013 Received in revised form 14 November 2013 Accepted 15 November 2013 Available online 19 December 2013

Decision making: The two stages of neuronal judgement

A recent study of how a monkey's frontal cortex responds when decisions are made more difficult has characterised the two distinct stages which turn sensory evidence into a command for action.

Properties of fuzzy relations and aggregation process in decision making

In this contribution connections between input fuzzy relations R1, . . . ,Rn on a set X and the output fuzzy relationRF = F(R1, . . . ,Rn) are studied. F is a function of the form F : [0, 1]n → [0, 1] and RF is called an aggregated fuzzyrelation. In the literature the problem of preservation, by a function F, diverse types of properties of fuzzy relationsR1, . . . ,Rn is examined. Here, it is c...

Learning and Sequential Decision Making

A Sequential Selection Process in Group Decision Making with a Linguistic Assessment Approach