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A note on a fuzzy measure of typicality

✍ Scribed by Ronald R. Yager


Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
99 KB
Volume
12
Category
Article
ISSN
0884-8173

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✦ Synopsis


The concept of typicality is studied and the relationship between a typical value and the mode is explored. It is suggested that a typical value should be a fuzzy subset. A measure of typicality associated with any fuzzy subset is introduced. We provide an algorithm for finding the best typical value which is of the form of an interval.


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In a recent paper, Kuo and Chen (1995) propose a simplification of the Howard and D'Antonio (1984, 1987) model of hedging effectiveness. This note extends Kuo-Chen's suggested simplification to derive the optimal hedge ratio and second order conditions (SOCs) of the Howard-D'Antonio model. These SOC