By Kofi Kissi Dompere

This monograph is detailed in its orientation and contribution to present nation of our realizing of decision-choice approach and data construction. Its certain orientation is to convey to the clinical neighborhood the discussions at the epistemic constitution of the relationships between uncertainty, expectancies, danger, chance, likelihood and the way the foundations of fuzzy paradigm and the equipment of fuzzy rationality deliver new and varied knowing to the relationships. on the point of concept of data, it provides the constitution and epistemic research of uncertainty, expectancies and danger in decision-choice activities throughout the features of substitution-transformation and input-output approaches in categorial dynamics of actual-potential duality. The interactive results of rationality and expectation are tested round trust, prospect, time and prerequisites of trust justification the place the connection among danger and chance as a sequential hyperlink among power and real is analyzed to supply a few realizing of the function of relative charges and merits in defining possibility in either nature and society. The recommendations of possibilistic and probabilistic ideals are explicated relating to rationality and the decision-choice approach the place the analytical dating among uncertainty and expectation formation is gifted resulting in the advent of 2 kinds of uncertainty composed of fuzzy uncertainty and stochastic uncertainty.

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Extra resources for Fuzziness and Approximate Reasoning: Epistemics on Uncertainty, Expectation and Risk in Rational Behavior

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The distribution of the degrees of possibility associated with the elements in the potential space presents a different decision-choice meaning from the degrees of probability associated with the element in the possibility space. Both distributions may substantially differ from one another. To understand the epistemic difference between possibility and probability let us conceptualize a six-faced dice whose numbers are in a constant state of substitution-transformation process between one and infinity.

The point to be emphasized is that the constructions of both possibility and probability spaces are span by decision-choice actions that cannot avoid subjectivity. Such decision-choice activities may be rational or non-rational relative to the best human action relative to accumulated knowledge; in other words based on some rationality. The linguistic reasoning of establishing ranking implies the existence of some form of ranking capacity in our perception of the elements in the universal object set where such a conceived ranking may or may not lead to best decision-choice action (optimal rationality) conditional on the accumulated knowledge.

Such future knowledge may be forecasted on the basis of past and present knowledge. Thus forecasting is a rational knowledge transformation process that links the past to the present and to the future in order to define the knowledge about the future as the justification of expected outcome from the possibility space that is not contained in the available knowledge set. Here we must be careful in distinguishing between the forecasting of the future knowledge, K F that justifies expectation formation about an event E ∉ K F and the forecasting of event E.

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