Abstract
© Springer International Publishing Switzerland 2015. Fuzzy Logic has made two important contributions to economic analysis: a theory of fuzzy preferences, and the development of empirical techniques based on fuzzy sets. However, modern areas of economic research are not sufficiently influenced by these ideas. Behavioral and institutional economics, among other fields in modern economics, would benefit from insights from fuzzy logic.
Original language | English |
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Pages (from-to) | 55-64 |
Journal | Studies in Fuzziness and Soft Computing |
Volume | 325 |
DOIs | |
Publication status | Published - 1 Jan 2015 |