2,979 publications from this institution
Behavioral decision making is an area of multidisciplinary research attracting growing interest of scientists and practitioners, economists, and business people. A wide spectrum of successful theories is present now, including Prospect theory, multiple priors models, studies on altruism, trust and fairness. However, these theories are developed for precise and complete information, whereas real information concerning a decision maker's (DM) behavior and environment is imperfect, qualitative, and, as a result, often described in natural language (NL). We suggest an approach based on modeling a DM's behavior by a set of states. Each state represents a certain principal behavior. In our approach, states of nature and DM's states constitute a single space of combined states. For formalizing relevant information described in NL, we use fuzzy set theory. The utility model is based on Choquet-like integration over combined states. The investigations show that Expected Utility, Choquet Expected Utility and Cumulative Prospect Theory are special cases of the suggested approach. We apply the suggested approach to solving a benchmark and a real-life decision problem. The obtained results show validity of the suggested approach.
Class imbalance in data poses challenges for classifier learning, drawing increased attention in data mining and machine learning. The occurrence of class overlap in real-world data exacerbates the learning difficulty. In this paper, a novel pseudo oversampling method (POM) is proposed to learn imbalanced and overlapping data. It is motivated by the point that overlapping samples from different classes share the same distribution space, and therefore information underlying in majority (negative) overlapping samples can be extracted and used to generate additional positive samples. A fuzzy logic-based membership function is defined to assess negative overlaps using both local and global information. Subsequently, the identified negative overlapping samples are shifted into the positive sample region by a transformation matrix, centered around the positive samples. POM outperforms 15 methods across 14 datasets, displaying superior performance in terms of metrics of <i>G<sub>m</sub></i>, <I>F</I><sub>1</sub> and <I>AUC</I>.