A Laplace's principle based approach for solving fuzzy matrix games
We introduce a solution for matrix games with fuzzy payoffs via the α -cuts and the introduction of Nature as a third player expressing the uncertainty involved in the game. The beliefs of players about the behavior of Nature are based on the Laplace’s principle of “insufficient reason”. Moreover, w...
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| Format: | Book Chapter |
| Language: | English |
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NOVA Publisher
2010
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| Online Access: | http://irep.iium.edu.my/13485/ http://irep.iium.edu.my/13485/1/NOVA_PUblisher_Paper_PDF.pdf |
| Summary: | We introduce a solution for matrix games with fuzzy payoffs via the α -cuts and the introduction of Nature as a third player expressing the uncertainty involved in the game. The beliefs of players about the behavior of Nature are based on the Laplace’s principle of “insufficient reason”. Moreover, we provide a procedure for computing the introduced solution. |
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