Article ID: | iaor20021791 |
Country: | Netherlands |
Volume: | 135 |
Issue: | 2 |
Start Page Number: | 296 |
End Page Number: | 302 |
Publication Date: | Dec 2001 |
Journal: | European Journal of Operational Research |
Authors: | Simonelli Maria Rosaria |
Keywords: | fuzzy sets |
Our aim is to use the utility theory of von Neumann and Morgenstern and the approach of certainty equivalent (CE) in a fuzzy framework for pricing a future uncertain amount. The fuzzy theory is more adaptable to represent this problem because the financial evaluations depend on perspectives which are fuzzy known. Then we define a seller and buyer fuzzy financial CE.