Publication:2206441

DOI10.1016/J.IJAR.2020.06.008zbMATH Open1485.91098arXiv1912.06594OpenAlexW2996251405MaRDI QIDQ2206441FDOQ2206441

T. Denœux, Prakash P. Shenoy

Publication date: 22 October 2020

Published in: International Journal of Approximate Reasoning (Search for Journal in Brave)

Abstract: The main goal of this paper is to describe an axiomatic utility theory for Dempster-Shafer belief function lotteries. The axiomatic framework used is analogous to von Neumann-Morgenstern's utility theory for probabilistic lotteries as described by Luce and Raiffa. Unlike the probabilistic case, our axiomatic framework leads to interval-valued utilities, and therefore, to a partial (incomplete) preference order on the set of all belief function lotteries. If the belief function reference lotteries we use are Bayesian belief functions, then our representation theorem coincides with Jaffray's representation theorem for his linear utility theory for belief functions. We illustrate our representation theorem using some examples discussed in the literature, and we propose a simple model for assessing utilities based on an interval-valued pessimism index representing a decision-maker's attitude to ambiguity and indeterminacy. Finally, we compare our decision theory with those proposed by Jaffray, Smets, Dubois et al., Giang and Shenoy, and Shafer.

Full work available at URL: https://arxiv.org/abs/1912.06594

zbMATH Keywords

Dempster-Shafer theory of evidenceinterval-valued utility functionJaffray's linear utility theoryShafer's constructive decision theorySmets' two-level decision theoryvon Neumann-Morgenstern's utility theory

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Cited In (6)

• Making inferences in incomplete Bayesian networks: a Dempster-Shafer belief function approach
• Decision with belief functions and generalized independence: two impossibility theorems
• Games of incomplete information: a framework based on belief functions
• Games of incomplete information: a framework based on belief functions
• Ensemble of Adapters for Transfer Learning Based on Evidence Theory
• Editorial. Extended papers from the 11th international symposium on imprecise probabilities: theories and applications

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