On the CEU-degree of similarity in international trade by using the Choquet integral expected utility

Jang, Lee-Chae, and Wood, Jacob (2020) On the CEU-degree of similarity in international trade by using the Choquet integral expected utility. Journal of Computational Analysis and Applications, 28 (2). pp. 321-328.

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Abstract

Recently, we considered the Choquet integrals with respected to a fuzzy measure and the Choquet-expected utility (CEU )which was represented by preference functionals. We note that the CEU provides a useful tool to calculate the subjective capacity of trade values between Korea and some countries in Wood-Jang [4,10].

In this paper, by using the Choquet-expected. utility in Wood-Jang [4] and the degree of similarity in Biswas [1], we define the CEU-degree of the similarity related with the CEU of trade values between Korea and some countries. In particular, we investigate some applications of the CEU-degree of similarity related with the CEU of trade values.

Item ID: 58574
Item Type: Article (Research - C1)
ISSN: 1572-9206
Date Deposited: 17 Sep 2019 00:00
FoR Codes: 38 ECONOMICS > 3803 Economic theory > 380303 Mathematical economics @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 100%
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