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Fuzziness and Approximate Reasoning

Epistemics on Uncertainty, Expectation and Risk in Rational Behavior

  • Kofi Kissi Dompere

Part of the Studies in Fuzziness and Soft Computing book series (STUDFUZZ, volume 237)

Table of contents

About this book

Introduction

This monograph is special in its orientation and contribution to current state of our understanding of decision-choice process and knowledge production. Its special orientation is to bring to the scientific community the discussions on the epistemic structure of the relationships among uncertainty, expectations, risk, possibility, probability and how the rules of fuzzy paradigm and the methods of fuzzy rationality bring new and different understanding to the relationships. At the level of theory of knowledge, it presents the structure and epistemic analysis of uncertainty, expectations and risk in decision-choice actions through the characteristics of substitution-transformation and input-output processes in categorial dynamics of actual-potential duality. The interactive effects of rationality and expectation are examined around belief, prospect, time and conditions of belief justification where the relationship between possibility and probability as a sequential link between potential and actual is analyzed to provide some understanding of the role of relative costs and benefits in defining risk in both nature and society. The concepts of possibilistic and probabilistic beliefs are explicated in relation to rationality and the decision-choice process where the analytical relationship between uncertainty and expectation formation is presented leading to the introduction of two types of uncertainty composed of fuzzy uncertainty and stochastic uncertainty.

Keywords

Decision-Choice Processes Fuzzy Optimal Decision-Choice Rationality Fuzzy Rationality Unified Epistemic Models fuzziness fuzzy uncertainty

Authors and affiliations

  • Kofi Kissi Dompere
    • 1
  1. 1.Dept. EconomicsHoward University, WashingtonUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-88087-5
  • Copyright Information Springer Berlin Heidelberg 2009
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Engineering
  • Print ISBN 978-3-540-88086-8
  • Online ISBN 978-3-540-88087-5
  • Series Print ISSN 1434-9922
  • Series Online ISSN 1860-0808
  • Buy this book on publisher's site
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