The expected utility (EU) hypothesis was originally formulated to be used with specified or “objective” probabilities. Objectively expected utility is the subject of Chapter 5. Not all uncertainty, however, can be described by a specified or objective probability distribution. The pioneering work of Frank Ramsey (1926) and Bruno de Finetti (1937, 1949) demonstrated how, under certain assumption...

in this paper,  we introduce  the notion of $m$-fuzzifying interval spaces, and discuss the relationship between $m$-fuzzifying interval spaces and $m$-fuzzifying convex structures.it is proved that  the category  {bf mycsa2}  can be embedded in  the category  {bf  myis}  as a reflective subcategory, where  {bf mycsa2} and   {bf  myis} denote  the category of $m$-fuzzifying convex structures of...

Fuzzy number approximation by trapezoidal fuzzy numbers which preserves the expected interval is discussed. New algorithms for calculating the proper trapezoidal approximation of fuzzy numbers with respect to the distance based on bi-symmetrical weighted functions are proposed. It is shown that the adequate approximation operator is chosen with respect both to the global spread of a fuzzy numbe...

This paper presents two fuzzy portfolio selection models where the objective is to minimize the downside risk constrained so that a given expected return should be achieved. We assume that the rates of returns on securities are approximated as LR-fuzzy numbers of the same shape, and that the expected return and risk are evaluated by interval-valued means. We establish the relationship between t...

background: prolongation of qt interval is one of the most important abnormalities in cardiovascular system of cirrhotic patients. the aim of this survey was determination of propranolol effect on frequency adjusted qt interval (qtc). materials and methods: thirty six cirrhotic patients (m/f=20/16, mean age:56 â± 3.8 years) and 40 healthy age and sex matched controls (m/f=25/15, mean age: 58 â±...

ramadan fasting is one of the most important religious duties of muslims, that its effect on the heart has not been determined yet. our objective was to evaluate the effect of ramadan fasting on ventricular repolarization as assessed by qt interval, corrected qt interval, qt dispersion or corrected qt dispersion. sixthy healthy subjects aged 20 to 35 years were dispersion included in this study...