Research Article

The Likelihood Ranking Methods for Interval Type-2 Fuzzy Sets Considering Risk Preferences

Table 1

Risk preference and corresponding risk preference coefficient .

Risk preferenceRisk preference coefficient

Absolute risk aversion0
Very strong risk aversion0.1
Strong risk aversion0.2
Medium risk aversion0.3
Weak risk aversion0.4
Risk neutral0.5
Weak risk preference0.6
Medium risk preference0.7
Strong risk preference0.8
Very strong risk preference0.9
Absolute risk preference1