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This model is based on the aversion to inequality of operator payoffs in a game, which was originally established by social anthropology studies.
The elevated plus maze examines disinhibition behavior based on the aversion of normal mice to open spaces.
Anxiety was evaluated using the elevated plus-maze test, which is based on the aversion for open, well-illuminated spaces (Treit et al. 1993).
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The utility function based on the inequality aversion can be modeled as below: (9).
In [16], operators and payoffs are referred to as wireless operators and transmission time (airtime), respectively, for controlling intersystem fairness based on the inequality aversion model.
It is based on the natural aversion to bright light and open spaces [51], [52], and it has been used to model anxiety.
It is based on the innate aversion of rodents to bright areas and on the spontaneous exploratory behaviors of rodents in response to novel environments and light [ 13].
It gives DM the opportunity to make a decision in two ways: 1) based on the specified risk aversion level, 2) based on an integrated approach using LAM.
Fa-Dong et al. (2010) introduced a novel interval-based MADM approach based on the idea of loss aversion.
The Conditional Value-at-Risk is employed as a decision-making tool to evaluate diverse decisions of prevention based on the degree of risk aversion.
We make use of the conclusion delivered in [21] and further elaborate on the concept of reduction of the risk aversion based on the insurance pool established by the PUs.
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