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An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
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A new decision process is proposed to address the challenge that a large number criteria in the multi-criteria decision … making (MCDM) problem and the decision makers with heterogeneous risk preferences. First, from the perspective of objective … decision process. Later, the optimal decision object is selected according to the risk preferences of decision makers based on …
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