Bayesian decisions and fuzzy information
Decisions are frequently connected with utility or loss. The quantification of the utility U(d) of a decision d can be a difficult task. Therefore a suitable model is to describe the utility by a fuzzy number U*(d). Moreover the utility of a decision depends on the state of the considered system. Therefore the utility depends on both the state Θ and the decision d, i.e. U(θ, d).