10,078 research outputs found
Fuzzy set methods for object recognition in space applications
Progress on the following tasks is reported: (1) fuzzy set-based decision making methodologies; (2) feature calculation; (3) clustering for curve and surface fitting; and (4) acquisition of images. The general structure for networks based on fuzzy set connectives which are being used for information fusion and decision making in space applications is described. The structure and training techniques for such networks consisting of generalized means and gamma-operators are described. The use of other hybrid operators in multicriteria decision making is currently being examined. Numerous classical features on image regions such as gray level statistics, edge and curve primitives, texture measures from cooccurrance matrix, and size and shape parameters were implemented. Several fractal geometric features which may have a considerable impact on characterizing cluttered background, such as clouds, dense star patterns, or some planetary surfaces, were used. A new approach to a fuzzy C-shell algorithm is addressed. NASA personnel are in the process of acquiring suitable simulation data and hopefully videotaped actual shuttle imagery. Photographs have been digitized to use in the algorithms. Also, a model of the shuttle was assembled and a mechanism to orient this model in 3-D to digitize for experiments on pose estimation is being constructed
Information Aggregation in Auctions with an Unknown Number of Bidders
Information aggregation, a key concern for uniform-price, common-value auctions with many bidders, has been characterized in models where bidders know exactly how many rivals they face. A model allowing for uncertainty over the number of bidders is essential for capturing a critical condition for information to aggregate: as the numbers of winning and losing bidders grow large, information aggregates if and only if uncertainty about the fraction of winning bidders vanishes. It is possible for the seller to impart this information by precommitting to a specified fraction of winning bidders, via a proportional selling policy. Intuitively, this makes the proportion of winners known, and thus provides all the information that bidders need to make winners curse corrections.information aggregation, common-value auctions, uncertain level of competition
Solving multiple-criteria R&D project selection problems with a data-driven evidential reasoning rule
In this paper, a likelihood based evidence acquisition approach is proposed
to acquire evidence from experts'assessments as recorded in historical
datasets. Then a data-driven evidential reasoning rule based model is
introduced to R&D project selection process by combining multiple pieces of
evidence with different weights and reliabilities. As a result, the total
belief degrees and the overall performance can be generated for ranking and
selecting projects. Finally, a case study on the R&D project selection for the
National Science Foundation of China is conducted to show the effectiveness of
the proposed model. The data-driven evidential reasoning rule based model for
project evaluation and selection (1) utilizes experimental data to represent
experts' assessments by using belief distributions over the set of final
funding outcomes, and through this historic statistics it helps experts and
applicants to understand the funding probability to a given assessment grade,
(2) implies the mapping relationships between the evaluation grades and the
final funding outcomes by using historical data, and (3) provides a way to make
fair decisions by taking experts' reliabilities into account. In the
data-driven evidential reasoning rule based model, experts play different roles
in accordance with their reliabilities which are determined by their previous
review track records, and the selection process is made interpretable and
fairer. The newly proposed model reduces the time-consuming panel review work
for both managers and experts, and significantly improves the efficiency and
quality of project selection process. Although the model is demonstrated for
project selection in the NSFC, it can be generalized to other funding agencies
or industries.Comment: 20 pages, forthcoming in International Journal of Project Management
(2019
Experimental evidence on rational inattention
We show that rational inattention theory of Sims (2003) provides a rationalization of choice models à la Luce and gives a structural interpretation to probability curvature parameters as reflecting costs of processing information. We use data from a behavioral experiment to show that people behave according to predictions of the theory. We estimate attitudes to risk and costs of information for individual participants and document overwhelming heterogeneity in these parameters among a relatively homogeneous sample of people. We characterize, both theoretically and empirically, the aggregation biases this heterogeneity implies and find these biases to be substantial.Risk management ; Econometrics
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