Three-Way Behavioral Decision Making With Hesitant Fuzzy Information Systems:Survey and Challenges

Three-way decision(T-WD)theory is about thinking,problem solving,and computing in threes.Behavioral decision making(BDM)focuses on effective,cognitive,and social processes employed by humans for choosing the optimal object,of which prospect theory and regret theory are two widely used tools.The hesitant fuzzy set(HFS)captures a series of uncertainties when it is difficult to specify precise fuzzy membership grades.Guided by the principles of three-way decisions as thinking in threes and integrating these three topics together,this paper reviews and examines advances in three-way behavioral decision making(TW-BDM)with hesitant fuzzy information systems(HFIS)from the perspective of the past,present,and future.First,we provide a brief historical account of the three topics and present basic formulations.Second,we summarize the latest development trends and examine a number of basic issues,such as one-sidedness of reference points and subjective randomness for result values,and then report the results of a comparative analysis of existing methods.Finally,we point out key challenges and future research directions.

The Impact of a Public Health Emergency on the Demand for Life Insurance-An Empirical Analysis Based on Severe Acute Respiratory Syndrome

We examined changes in personal life insurance purchase decisions after a public health event by incorporating perceived health risk and regret into the expected utility function.The model predicts that the epidemic will create incremental insurance demand.Based on the 2003 severe acute respiratory syndrome outbreak in China,we used a panel dataset of 30 provinces from 2000 to 2007 and applied the difference-in-differences method to confirm the prediction empirically.The results showed that the epidemic did not significantly impact the demand for life insurance in the short term but played a role in the long term.People increased their health-care expenditure and premiums for new policies after the severe acute respiratory syndrome event,suggesting that the epidemic changed people's perceived risk and triggered anticipated regret,which increased life insurance demand.Some robustness checks also supported our findings.

A Dynamic Emergency Decision-Making Method Based on Group Decision Making with Uncertainty Information

In emergency decision making(EDM),it is necessary to generate an effective alternative quickly.Case-based reasoning(CBR)has been applied to EDM;however,choosing the most suitable case from a set of similar cases after case retrieval remains challenging.This study proposes a dynamic method based on case retrieval and group decision making(GDM),called dynamic casebased reasoning group decision making(CBRGDM),for emergency alternative generation.In the proposed method,first,similar historical cases are identified through case similarity measurement.Then,evaluation information provided by group decision makers for similar cases is aggregated based on regret theory,and comprehensive perceived utilities for the similar cases are obtained.Finally,the most suitable historical case is obtained from the case similarities and the comprehensive perceived utilities for similar historical cases.The method is then applied to an example of a gas explosion in a coal company in China.The results show that the proposed method is feasible and effective in EDM.The advantages of the proposed method are verified based on comparisons with existing methods.In particular,dynamic CBRGDM can adjust the emergency alternative according to changing emergencies.The results of application of dynamic CBRGDM to a gas explosion and comparison with existing methods verify its feasibility and practicability.