Related Experiment Video
Updated: Aug 22, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
The Extended Linguistic Hellwig's Methods Based on Oriented Fuzzy Numbers and Their Application to the Evaluation of
Ewa Roszkowska1, Tomasz Wachowicz2, Marzena Filipowicz-Chomko1
1Faculty of Computer Science, Bialystok University of Technology, Wiejska 45A, 15-351 Bialystok, Poland.
Abstract:
This study proposes a novel fuzzy framework for eliciting and organizing the preference information of the negotiator to allow for the evaluation of negotiation offers. The approach is based on verbal evaluation of negotiation options that operates with linguistic variables to handle vague preferences and operationalizes them through oriented trapezoidal fuzzy numbers. Two variants of the linguistic method based on Hellwig's approach and oriented fuzzy numbers are proposed, which can be applied to building a scoring system for the negotiation template. Then, an example of determining such a scoring system and using it to evaluate the negotiation offers in typical multi-issue negotiation is shown. The results are discussed and compared with other methods known from the literature, in which the preference information is organized similarly but processed differently. The comparison shows that the presented methods can be an alternative to Simple Additive Weighting or TOPSIS methods that may also operate with oriented fuzzy numbers, but some of their characteristics may be problematic from the viewpoint of data interpretation. The former requires defuzzification of the global scores determined, while the latter requires the compulsory use of two reference points derived mechanically out of the negotiation space. By applying modified Hellwig's approaches, the former and the latter may be easily avoided.
Related Concept Videos
Decision Making: P-value Method
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim is also stated. These statements can act as null and alternative hypotheses: a null hypothesis would be a neutral statement while the alternative hypothesis can...
Friedman Two-way Analysis of Variance by Ranks
Decision Making: Traditional Method
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...
Persuasion Strategies
The Anchoring-and-Adjustment Heuristic
Heuristics
People often rely on heuristics when faced with an overload of information, limited time, low importance of the decision, limited information, or when a heuristic readily comes to mind. For...

