Interpretation Patterns And Markets
AbstractThis paper presents a method for defining a consistent market through the interpretation of different agents´ opinions. We suppose that every agent has his own opinion about the other agents being his possible competitors or not. These opinions are ex-ante defined and therefore (for a definition of the correct market) they must be inter-preted. We make the interpretation ba-sed on the degrees with which an agent trusts or does not trust the other agents, using operators on intuitionistic fuzzy sets. A market is defined as consistent when (1) the ex-ante opi-nions and (2) the interpreted (ex-post) opinions are close to each other (at least to some extent).
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Bibliographic InfoArticle provided by International Association for Fuzzy-set Management and Economy (SIGEF) in its journal FUZZY ECONOMIC REVIEW.
Volume (Year): VI (2001)
Issue (Month): 1 (May)
Duopoly; Interpretation; Interpretation Pattern; Intuitionistic Fuzzy Set; Intuitionistic Fuzzy Opinion;
Find related papers by JEL classification:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D00 - Microeconomics - - General - - - General
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