Feelings influence human beings’decision-making;therefore,incorporation of feeling factors in decision-making is very important.Regret and rejoice are very important emotional feelings that can have a great impact on...Feelings influence human beings’decision-making;therefore,incorporation of feeling factors in decision-making is very important.Regret and rejoice are very important emotional feelings that can have a great impact on decision-making if they are considered together.While regret has received most of the attention in related research,rejoice has been less considered even though it can greatly influence people’s preferences in decision-making.Furthermore,systematically incorporating regret and rejoice in the multicriteria decision-making(MCDM)modeling frameworks for decision-making has received little research attention.In this paper,we introduce a new multiattribute selection procedure that incorporates both regret and rejoice to select the best choice.We utilize the positional advantage operator concept to develop regret and rejoice mathematical equations,and prove them.The proposed MCDM procedure that incorporates these two emotional factors offers a decision-maker the flexibility to trade off some benefits in order to gain a state of psychological satisfaction.More specifically,regret and rejoice are presentedmathematically to enable the decision-maker to determine the values of regret and rejoice,and then make the decision in which the rejoice value is higher than the regret value.To test the performance of this new procedure,we apply it to three numerical examples proposed in previous works.The results are matched with those obtained by other methods such as the regret model,VIKOR,PROMETHEE I,and PROMETHEE II,thereby proving the efficacy of the new procedure.展开更多
In optimal wind bidding strategy related literatures, it is usually assumed that the full distribution information (for example, the cumulative distribution function or the probability density function) of wind power ...In optimal wind bidding strategy related literatures, it is usually assumed that the full distribution information (for example, the cumulative distribution function or the probability density function) of wind power output is known. In real world applications, however, only very limited distribution information can be obtained. Therefore, the “optimal bidding strategy” obtained based on the hypothetical distribution may be far away from the true optimal one. In this paper, an optimal bidding strategy is obtained based on the minimax regret criterion. The salient feature of the new approach is that it requires only partial information of wind power distribution, for example, the expectation and the support set. Numerical test is then performed and the results suggest that the method established in this paper is effective.展开更多
In the consensus-reaching process(CRP),the actual utility of decision-makers(DMs)is often influenced by the psychological behavior of regret aversion.However,the influence of regret aversion on DMs’utilities is rarel...In the consensus-reaching process(CRP),the actual utility of decision-makers(DMs)is often influenced by the psychological behavior of regret aversion.However,the influence of regret aversion on DMs’utilities is rarely taken into account in the existing consensus models.The consensus-reaching problem of DMs with regret aversion is explored to maximize their perceived utilities under a limited budget.Firstly,three basic types of perceived utility functions are constructed based on the regret theory to describe the perceived utility of DMs with various preferences.Then,considering the limited budget and individual regret aversion,the maximum perceived utility consensus models based on types of left-skewed,right-skewed,middle-skewed,and heterogeneous utility preferences are proposed to achieve the consensus that maximizes the group perceived utility.After that,an example of land-transfer price negotiation in China is given to illustrate the validity of the proposed models.Finally,the model comparison and the sensitivity analysis are presented to reveal the influence of DMs’regret aversion on the CRP.The results suggest that the DMs’regret aversion will not affect left-skewed and right-skewed groups,but will affect the consensus results of middle-skewed and heterogeneous groups.展开更多
The current study represents an attempt at exploring product attribute, service attribute evaluation, and buyer regret influence overall satisfaction in the buyer decision context. The data used in the project were co...The current study represents an attempt at exploring product attribute, service attribute evaluation, and buyer regret influence overall satisfaction in the buyer decision context. The data used in the project were collected as part of a large study of buyer regret. The sampling frame consisted of automobile purchases in Taiwan We have collected yield 600 questionnaires, by screening out 44 questionnaires, including those missing value or incomplete answer, and finally a usable sample of 556 questionnaires were utilized in this study. The results reinforce the finding form early research that the concept of buyer regret plays an important role for automobile purchases in the buyer decision. Results show that higher evaluations of service and product attributes lead to less buyer regret, and lower buyer regret will likely to increase overall satisfaction. Specifically, the finding indicates that buyer regret mediates the effects of the attributes on overall satisfactions. Implications for marketing theory and practitioners are discussed, and possible directions for future research are sketched.展开更多
Decision-theoretic interval estimation requires the use of loss functions that, typically, take into account the size and the coverage of the sets. We here consider the class of monotone loss functions that, under qui...Decision-theoretic interval estimation requires the use of loss functions that, typically, take into account the size and the coverage of the sets. We here consider the class of monotone loss functions that, under quite general conditions, guarantee Bayesian optimality of highest posterior probability sets. We focus on three specific families of monotone losses, namely the linear, the exponential and the rational losses whose difference consists in the way the sizes of the sets are penalized. Within the standard yet important set-up of a normal model we propose: 1) an optimality analysis, to compare the solutions yielded by the alternative classes of losses;2) a regret analysis, to evaluate the additional loss of standard non-optimal intervals of fixed credibility. The article uses an application to a clinical trial as an illustrative example.展开更多
In this paper, we first introduce the notion and model of generalized minimax regret equilibria with scalar set payoffs. After that, we study its general stability theorem under the conditions that the existence theor...In this paper, we first introduce the notion and model of generalized minimax regret equilibria with scalar set payoffs. After that, we study its general stability theorem under the conditions that the existence theorem of generalized minimax regret equilibrium point with scalar set payoffs holds. In other words, when the scalar set payoffs functions and feasible constraint mappings are slightly disturbed, by using Fort theorem and continuity results of set-valued mapping optimal value functions, we obtain a general stability theorem for generalized minimax regret equilibria with scalar set payoffs. At the same time, an example is given to illustrate our result.展开更多
When people realize or imagine that "if you have not taken the same choices as before, the result will be better", which kind of experience is called a regret emotion. The purpose of this study is to prove the relat...When people realize or imagine that "if you have not taken the same choices as before, the result will be better", which kind of experience is called a regret emotion. The purpose of this study is to prove the relationship between regret emotions and a sense of responsibility and control. The results show that the individual's sense of responsibility and regret that there is a positive correlation and there is a negative correlation between the control and regret, which is not match the previous part of the study so as to be further explored. At the same time, we found that the regret tendencies in the personality can be explained as some of the regret experiencing in the specific situation. When people realize or imagine that "if the choice is not the same as before that things are getting better now", they will feel regret.展开更多
The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On...The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On the other hand, the existing min-max regret strategy tends to be dominated by the "worst assumption" regardless of its probability. This research proposes a new framework by formulating the regret by the Minkowski's generalized distance. The authors then apply the formulation to the IAM (integrated assessment model) MARIA. This study focuses on the uncertainties of CCS (carbon capture and storage) costs and the global warming damages. This formulation is then extended to the multi-stage decision frame, known as ATL (act-then-learn) method. The simulation results suggest that the substantial changes in CCS and nuclear deployment strategies depending on the future uncertainty scenarios. The results also suggest that the minimum regret strategy favors the capital accumulation in the early stage.展开更多
Tang poetry can be described as the treasure of Chinese culture.For a long time,both domestic and foreign scholars have devoted themselves to disseminating the immortal Chinese cultural heritage and have made great co...Tang poetry can be described as the treasure of Chinese culture.For a long time,both domestic and foreign scholars have devoted themselves to disseminating the immortal Chinese cultural heritage and have made great contributions to the translation of classical poetry.The Everlasting Regret is one of the excellent narrative poems in Chinese classical poetry.It is highly valued by many translators."Three Beauties" principle are the principles of poetry translation proposed by Mr.Xu Yuanchong,in his work On Chinese Verse in English Rhyme.On the basis of the"Three Beauties" principle and translation version of Mr.Xu Yuanchong's The Everlasting Regret,this paper analyzes how to achieve the beauty in sense,sound and form in translation,aiming at providing some reference methods for the translation of Chinese classical poetry.展开更多
Traditional expected utility theory suggests that decision-makers are completely rational,but a large number of experiments and empirical studies have shown that decision-makers will be influenced by their perception ...Traditional expected utility theory suggests that decision-makers are completely rational,but a large number of experiments and empirical studies have shown that decision-makers will be influenced by their perception of psychological and other factors,is bounded rationality when making decisions.This paper will be based on regret theory,considering the influence of retailer’regret factor on their order quantity in a single cycle,and providing corresponding measures which supplier can take to weaken the influence of retail regret.展开更多
Most route choice models assume that people are completely rational.Recently,regret theory has attracted researchers'attentions because of its power to depict real travel behavior.This paper proposes a multiclass ...Most route choice models assume that people are completely rational.Recently,regret theory has attracted researchers'attentions because of its power to depict real travel behavior.This paper proposes a multiclass stochastic user equilibrium assignment model by using regret theory.All users are differentiated by their own regret aversion.The route travel disutility for users of each class is defined as a linear combination of the travel time and anticipated regret.The proposed model is formulated as a variational inequality problem and solved by using the self-regulated averaging method.The numerical results show that users'regret aversion indeed influences their route choice behavior and that users with high regret aversion are more inclined to change route choice when the traffic congestion degree varies.展开更多
In this paper, decision making under uncertainty with regret is studied. The alternative is evaluated by focus point to fit the feature that the decision process cannot be repeated many times. If the objective capture...In this paper, decision making under uncertainty with regret is studied. The alternative is evaluated by focus point to fit the feature that the decision process cannot be repeated many times. If the objective captured by focus point is not achieved, there is a regret. The regret of an action is determined by the focus point of the other actions. The set of the alternatives available is updated by the regret threshold, and the optimal action can be obtained by the selected focus point of each alternative. The proposed method is a new fundamental alternative for decision making under uncertainty. Using focus point as reference gives the regret a clear meaning. The decision making procedure matches the intuitive expectations of human being. It explains the phenomena that does not conform to classical decision making theory.展开更多
This paper proposes an alternative approach to the contemporary discussion of Asia, or more specifically East Asia. Rather than conceptualizing Asia as a geo-economic entity, as a cultural historical construct of Euro...This paper proposes an alternative approach to the contemporary discussion of Asia, or more specifically East Asia. Rather than conceptualizing Asia as a geo-economic entity, as a cultural historical construct of Euro-centrism, and as a capitalist vision of the world market, this paper seeks to recapture "Asia" in what I call "affective articulations." Specifically, I will examine Dazai Osamu's Farewell with Regret (Sekibetsu, 1945) and Zhang Chengzhi's Respect and Farewell with Regret (Jingzhong yu xibie, 2008) as two exemplars of inter-Asian writing in which Asia is represented as a loaded symbol of affect. Whereas Dazai's book was written in the heat of Great East Asia War, to comply with the demands of the Japanese war effort, Zhang's book was written at the no less challenging time of China's rise to regional hegemony. Though they differ in style and purpose, both texts hold up a vision of Asia which is distinctly grasped in affective encounters, symbolized by the act of "bidding farewell with regret" (xibie). Intrigued by the affective significance of bidding farewell with regret, this paper first considers "farewell" as a method to recast the discussion of Asia in regional and geopolitical terms, and then performs an analysis of the texts in question so as to identify crucial moments when Asia, despite its internal heterogeneity and complicated history, is grasped in the affective articulation of Sino-Japanese encounters. Such moments, I believe, are real, sincere, and indispensable for our attempt to re-imagine Asia as a translocal solidarity.展开更多
We consider a room allocation problem for a hotel providing room reservation service through multiple channels.Traditional room allocation models usually assume hotels can forecast the characteristics of demand functi...We consider a room allocation problem for a hotel providing room reservation service through multiple channels.Traditional room allocation models usually assume hotels can forecast the characteristics of demand function and/or arrival process to some extent.But in practice,such a restrictive assumption is possibly unrealistic,and thus the corresponding risk-neutral approaches are debatable.The main contribution of this paper is that we formulate the hotel’s room allocation problem without any assumption on demand from the perspective of minimax regret and derive an adaptive nested limits strategy which allows higher profitable channels having access to all rooms reserved for lower profitable channels.Our results show that customers arrive in a low-before-high manner in the worst-case scenarios.On this basis,we further prove the lower bound of maximum regret for any strategy and develop an optimal strategy matching the lower bound.Comparison with other common strategies is also discussed.展开更多
基金This research was funded by the Deanship of Scientific Research at Princess Nourah bint Abdulrahman University,through the Research Funding Program(Grant No.FRP-1440-31).
文摘Feelings influence human beings’decision-making;therefore,incorporation of feeling factors in decision-making is very important.Regret and rejoice are very important emotional feelings that can have a great impact on decision-making if they are considered together.While regret has received most of the attention in related research,rejoice has been less considered even though it can greatly influence people’s preferences in decision-making.Furthermore,systematically incorporating regret and rejoice in the multicriteria decision-making(MCDM)modeling frameworks for decision-making has received little research attention.In this paper,we introduce a new multiattribute selection procedure that incorporates both regret and rejoice to select the best choice.We utilize the positional advantage operator concept to develop regret and rejoice mathematical equations,and prove them.The proposed MCDM procedure that incorporates these two emotional factors offers a decision-maker the flexibility to trade off some benefits in order to gain a state of psychological satisfaction.More specifically,regret and rejoice are presentedmathematically to enable the decision-maker to determine the values of regret and rejoice,and then make the decision in which the rejoice value is higher than the regret value.To test the performance of this new procedure,we apply it to three numerical examples proposed in previous works.The results are matched with those obtained by other methods such as the regret model,VIKOR,PROMETHEE I,and PROMETHEE II,thereby proving the efficacy of the new procedure.
文摘In optimal wind bidding strategy related literatures, it is usually assumed that the full distribution information (for example, the cumulative distribution function or the probability density function) of wind power output is known. In real world applications, however, only very limited distribution information can be obtained. Therefore, the “optimal bidding strategy” obtained based on the hypothetical distribution may be far away from the true optimal one. In this paper, an optimal bidding strategy is obtained based on the minimax regret criterion. The salient feature of the new approach is that it requires only partial information of wind power distribution, for example, the expectation and the support set. Numerical test is then performed and the results suggest that the method established in this paper is effective.
基金National Natural Science Foundation of China(No.71901058)Fundamental Research Funds for the Central Universities,China(No.2232018H-07)。
文摘In the consensus-reaching process(CRP),the actual utility of decision-makers(DMs)is often influenced by the psychological behavior of regret aversion.However,the influence of regret aversion on DMs’utilities is rarely taken into account in the existing consensus models.The consensus-reaching problem of DMs with regret aversion is explored to maximize their perceived utilities under a limited budget.Firstly,three basic types of perceived utility functions are constructed based on the regret theory to describe the perceived utility of DMs with various preferences.Then,considering the limited budget and individual regret aversion,the maximum perceived utility consensus models based on types of left-skewed,right-skewed,middle-skewed,and heterogeneous utility preferences are proposed to achieve the consensus that maximizes the group perceived utility.After that,an example of land-transfer price negotiation in China is given to illustrate the validity of the proposed models.Finally,the model comparison and the sensitivity analysis are presented to reveal the influence of DMs’regret aversion on the CRP.The results suggest that the DMs’regret aversion will not affect left-skewed and right-skewed groups,but will affect the consensus results of middle-skewed and heterogeneous groups.
文摘The current study represents an attempt at exploring product attribute, service attribute evaluation, and buyer regret influence overall satisfaction in the buyer decision context. The data used in the project were collected as part of a large study of buyer regret. The sampling frame consisted of automobile purchases in Taiwan We have collected yield 600 questionnaires, by screening out 44 questionnaires, including those missing value or incomplete answer, and finally a usable sample of 556 questionnaires were utilized in this study. The results reinforce the finding form early research that the concept of buyer regret plays an important role for automobile purchases in the buyer decision. Results show that higher evaluations of service and product attributes lead to less buyer regret, and lower buyer regret will likely to increase overall satisfaction. Specifically, the finding indicates that buyer regret mediates the effects of the attributes on overall satisfactions. Implications for marketing theory and practitioners are discussed, and possible directions for future research are sketched.
文摘Decision-theoretic interval estimation requires the use of loss functions that, typically, take into account the size and the coverage of the sets. We here consider the class of monotone loss functions that, under quite general conditions, guarantee Bayesian optimality of highest posterior probability sets. We focus on three specific families of monotone losses, namely the linear, the exponential and the rational losses whose difference consists in the way the sizes of the sets are penalized. Within the standard yet important set-up of a normal model we propose: 1) an optimality analysis, to compare the solutions yielded by the alternative classes of losses;2) a regret analysis, to evaluate the additional loss of standard non-optimal intervals of fixed credibility. The article uses an application to a clinical trial as an illustrative example.
文摘In this paper, we first introduce the notion and model of generalized minimax regret equilibria with scalar set payoffs. After that, we study its general stability theorem under the conditions that the existence theorem of generalized minimax regret equilibrium point with scalar set payoffs holds. In other words, when the scalar set payoffs functions and feasible constraint mappings are slightly disturbed, by using Fort theorem and continuity results of set-valued mapping optimal value functions, we obtain a general stability theorem for generalized minimax regret equilibria with scalar set payoffs. At the same time, an example is given to illustrate our result.
文摘When people realize or imagine that "if you have not taken the same choices as before, the result will be better", which kind of experience is called a regret emotion. The purpose of this study is to prove the relationship between regret emotions and a sense of responsibility and control. The results show that the individual's sense of responsibility and regret that there is a positive correlation and there is a negative correlation between the control and regret, which is not match the previous part of the study so as to be further explored. At the same time, we found that the regret tendencies in the personality can be explained as some of the regret experiencing in the specific situation. When people realize or imagine that "if the choice is not the same as before that things are getting better now", they will feel regret.
文摘The technology investment strategy under uncertainty is the key subject. However, the expected utility maximization often employed as the decision process fails to consider the high risk with low probability cases. On the other hand, the existing min-max regret strategy tends to be dominated by the "worst assumption" regardless of its probability. This research proposes a new framework by formulating the regret by the Minkowski's generalized distance. The authors then apply the formulation to the IAM (integrated assessment model) MARIA. This study focuses on the uncertainties of CCS (carbon capture and storage) costs and the global warming damages. This formulation is then extended to the multi-stage decision frame, known as ATL (act-then-learn) method. The simulation results suggest that the substantial changes in CCS and nuclear deployment strategies depending on the future uncertainty scenarios. The results also suggest that the minimum regret strategy favors the capital accumulation in the early stage.
文摘Tang poetry can be described as the treasure of Chinese culture.For a long time,both domestic and foreign scholars have devoted themselves to disseminating the immortal Chinese cultural heritage and have made great contributions to the translation of classical poetry.The Everlasting Regret is one of the excellent narrative poems in Chinese classical poetry.It is highly valued by many translators."Three Beauties" principle are the principles of poetry translation proposed by Mr.Xu Yuanchong,in his work On Chinese Verse in English Rhyme.On the basis of the"Three Beauties" principle and translation version of Mr.Xu Yuanchong's The Everlasting Regret,this paper analyzes how to achieve the beauty in sense,sound and form in translation,aiming at providing some reference methods for the translation of Chinese classical poetry.
文摘Traditional expected utility theory suggests that decision-makers are completely rational,but a large number of experiments and empirical studies have shown that decision-makers will be influenced by their perception of psychological and other factors,is bounded rationality when making decisions.This paper will be based on regret theory,considering the influence of retailer’regret factor on their order quantity in a single cycle,and providing corresponding measures which supplier can take to weaken the influence of retail regret.
基金This research was supported in part by grants from the National Basic Research Program of China(No.2012CB725401)the Fundamental Research Funds for the Central Universities(No.YWF-16-JCTD-A-07)This work was also supported by the Excellence Foundation of BUAA for PhD Students.
文摘Most route choice models assume that people are completely rational.Recently,regret theory has attracted researchers'attentions because of its power to depict real travel behavior.This paper proposes a multiclass stochastic user equilibrium assignment model by using regret theory.All users are differentiated by their own regret aversion.The route travel disutility for users of each class is defined as a linear combination of the travel time and anticipated regret.The proposed model is formulated as a variational inequality problem and solved by using the self-regulated averaging method.The numerical results show that users'regret aversion indeed influences their route choice behavior and that users with high regret aversion are more inclined to change route choice when the traffic congestion degree varies.
基金Supported by the National Natural Science Foundation of China(71531002,71421001,71771036,71671023)China Postdoctoral Science Foundation(2017M611230)the Fundamental Research Funds for the Central Universities(DUT18RC(4)039)
文摘In this paper, decision making under uncertainty with regret is studied. The alternative is evaluated by focus point to fit the feature that the decision process cannot be repeated many times. If the objective captured by focus point is not achieved, there is a regret. The regret of an action is determined by the focus point of the other actions. The set of the alternatives available is updated by the regret threshold, and the optimal action can be obtained by the selected focus point of each alternative. The proposed method is a new fundamental alternative for decision making under uncertainty. Using focus point as reference gives the regret a clear meaning. The decision making procedure matches the intuitive expectations of human being. It explains the phenomena that does not conform to classical decision making theory.
文摘This paper proposes an alternative approach to the contemporary discussion of Asia, or more specifically East Asia. Rather than conceptualizing Asia as a geo-economic entity, as a cultural historical construct of Euro-centrism, and as a capitalist vision of the world market, this paper seeks to recapture "Asia" in what I call "affective articulations." Specifically, I will examine Dazai Osamu's Farewell with Regret (Sekibetsu, 1945) and Zhang Chengzhi's Respect and Farewell with Regret (Jingzhong yu xibie, 2008) as two exemplars of inter-Asian writing in which Asia is represented as a loaded symbol of affect. Whereas Dazai's book was written in the heat of Great East Asia War, to comply with the demands of the Japanese war effort, Zhang's book was written at the no less challenging time of China's rise to regional hegemony. Though they differ in style and purpose, both texts hold up a vision of Asia which is distinctly grasped in affective encounters, symbolized by the act of "bidding farewell with regret" (xibie). Intrigued by the affective significance of bidding farewell with regret, this paper first considers "farewell" as a method to recast the discussion of Asia in regional and geopolitical terms, and then performs an analysis of the texts in question so as to identify crucial moments when Asia, despite its internal heterogeneity and complicated history, is grasped in the affective articulation of Sino-Japanese encounters. Such moments, I believe, are real, sincere, and indispensable for our attempt to re-imagine Asia as a translocal solidarity.
基金supported by National Natural Science Foundation of China[grant number 71501045],[grant number 71701048]Natural Science Foundation of Fujian Province[grant number 2016J01332]+1 种基金ProgramforNew Century Excellent Talents in Fujian Province Universityand Special Foundation for Science and Technology Innovation of Fujian Agriculture and Forestry University.
文摘We consider a room allocation problem for a hotel providing room reservation service through multiple channels.Traditional room allocation models usually assume hotels can forecast the characteristics of demand function and/or arrival process to some extent.But in practice,such a restrictive assumption is possibly unrealistic,and thus the corresponding risk-neutral approaches are debatable.The main contribution of this paper is that we formulate the hotel’s room allocation problem without any assumption on demand from the perspective of minimax regret and derive an adaptive nested limits strategy which allows higher profitable channels having access to all rooms reserved for lower profitable channels.Our results show that customers arrive in a low-before-high manner in the worst-case scenarios.On this basis,we further prove the lower bound of maximum regret for any strategy and develop an optimal strategy matching the lower bound.Comparison with other common strategies is also discussed.