Fuzzy utility and equilibria.

@article{Wilde2004FuzzyUA,
  title={Fuzzy utility and equilibria.},
  author={P. De Wilde},
  journal={IEEE transactions on systems, man, and cybernetics. Part B, Cybernetics : a publication of the IEEE Systems, Man, and Cybernetics Society},
  year={2004},
  volume={34 4},
  pages={
          1774-85
        }
}
A decision maker is frequently confronted with fuzzy constraints, fuzzy utility maximization, and fuzziness about the state of competitors. In this paper we present a framework for fuzzy decision-making, using techniques from fuzzy logic, game theory, and micro-economics. In the first part, we study the rationality of fuzzy choice. We introduce fuzzy constraints, and show that this can easily be combined with maximizing a fuzzy utility. The second part of the paper analyzes games with… CONTINUE READING

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