Title :
Fuzzy mathematics applied to insurance game
Author :
Lu, Yuchu ; Zhang, Li ; Guan, Zhiying ; Shang, Hanji
Author_Institution :
Dept. Math., Shanghai Univ., China
Abstract :
The article builds a game model of two insurance companies who try to determine which product (the Unit-Linked or the Par), to exploit, and provides a decision-making method for the companies to determine their product development orientation in a competitive market. Due to the fuzziness of the factors affecting the utility, we use a linguistic operator to deal with this problem and finally make use of the knowledge of complete information static game to get an equilibrium of both sides
Keywords :
computational linguistics; decision theory; fuzzy set theory; game theory; insurance data processing; uncertainty handling; Par; Unit-Linked; competitive market; complete information static game; decision-making method; equilibrium; fuzziness; fuzzy mathematics; game model; insurance companies; insurance game; linguistic operator; product development orientation; Decision making; Feedback; Fuzzy sets; Game theory; Insurance; Mathematics; Nash equilibrium; Predictive models; Product development; Technology management;
Conference_Titel :
IFSA World Congress and 20th NAFIPS International Conference, 2001. Joint 9th
Conference_Location :
Vancouver, BC
Print_ISBN :
0-7803-7078-3
DOI :
10.1109/NAFIPS.2001.944731
