Elicitating preferences in Game Theory: A fuzzy approach

Maísa Mendonça Silva, Ana Carla Bittencourt Reis

Abstract


This paper proposes a systematic methodology to elicitate preferences at the Game Theory payoff matrix reducing the difficulty of coping only with numerical variables. Moreover, sometimes the fact is that it is not possible to delimit the preferences of decision makers by exclusionary intervals. The authors believe that it can facilitate the process by using a fuzzy approach and linguistic evaluation to deal with the complexity, imprecision and uncertainty of the context. Another benefit is that a more realistic scenario can be built excluding the common deterministic approach. An example, using the dominated strategies concept, is given to illustrate the proposal.

Keywords


PREFERENCE ELICITATION; GAME THEORY; FUZZY THEORY

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DOI: http://dx.doi.org/10.18533/ijbsr.v3i5.2

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International journal of business and social research (Print)
ISSN 2164-2540

International journal of business and social research (Online)
ISSN 2164-2559

[International Journal of Business and Social Research (IJBSR) previously published by MIR Center for Socio-Economic Research, MD, USA. From February 2018 this journal is published by the LAR Center Press, OR, USA]