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Interpretation Patterns And Markets

Author

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  • Dimitrov, D.

    (TILBURG UNIVERSITY)

Abstract

This 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).

Suggested Citation

  • Dimitrov, D., 2001. "Interpretation Patterns And Markets," Fuzzy Economic Review, International Association for Fuzzy-set Management and Economy (SIGEF), vol. 0(1), pages 3-12, May.
  • Handle: RePEc:fzy:fuzeco:v:vi:y:2001:i:1:p:3-12
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    References listed on IDEAS

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    More about this item

    Keywords

    Duopoly; Interpretation; Interpretation Pattern; Intuitionistic Fuzzy Set; Intuitionistic Fuzzy Opinion;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D00 - Microeconomics - - General - - - General

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