Fuzzy Decision-Making Methods Based on Prospect Theory and Its Application in Venture Capital

Xiaoli Tian is Associate Professor of the School of Business Administration in Southwestern University of Finance and Economics, Chengdu, China. She was Academic Visitor with the Department of Computer Science and Artificial Intelligence, University of Granada, Spain, in 2017. She has published more than 15 peer-reviewed papers, many in high-quality international journals including Knowledge-Based Systems, Applied Soft Computing, Technological and Economic Development of Economy, Technological Forecasting and Social Change, etc. One of her papers has been selected as ESI Highly Cited Papers. Her current research interest includes large-scale consensus, group decision making, decision making with bounded rationality, and multiple attributes decision making under uncertainty. Dr. Tian serves as a reviewer for more than 10 international journals. Zeshui Xu is Distinguished Young Scholar of the National Natural Science Foundation of China and ChangJiang Scholars of the Ministry of Education of China. He is currently Professor with the Business School, Sichuan University, Chengdu, China. He has been elected as Academician of IASCYS (International academy for systems and cybernetic sciences), Fellow of IEEE (Institute of Electrical and Electronics Engineers), Fellow of IFSA (International Fuzzy Systems Association), Fellow of RSA (Royal Society of Arts), Fellow of IET (Institution of Engineering and Technology), Fellow of BCS (British Computer Society), Fellow of IAAM (International Association of Advanced Materials), Fellow of VEBLEO, and ranked 431th among World’s Top 100,000 Scientists in 2019. He has contributed more than 600 SCI/SSCI articles to professional journals, and is among the world’s top 1% most highly cited researchers with about 62,000 citations, his h-index is 123. He is currently the Associate Editors of IEEE Transactions on Cybernetics, IEEE Transactions on Fuzzy Systems, IEEE Access, Information Sciences, Fuzzy Optimization and Decision Making, Journal of the Operational Research Socitey, International Journal of Systems Science, Artificial Intelligence Review, etc. His current research interests include decision making, information fusion, data analysis, fuzzy systems and applications.

1. Introduction.- 2. Background.- 3. Development of bounded rationality.- 4. Development of fuzzy information.- 5. Importance of research about fuzzy decision making with prospect theory.