Modified CPT-TODIM method for evaluating the development level of digital inclusive finance under probabilistic hesitant fuzzy environment

Abstract

Unlike traditional finance, digital inclusive finance is committed to integrating digital technology with the financial industry to bring groups originally excluded from traditional finance back into formal financial services and provide financial services at reasonable prices and matching needs for all social classes. Digital inclusive finance can effectively reduce the financing costs of SMEs, improve the external financing environment of enterprises, and provide more convenient, equal and perfect financial services for enterprises by using technical support such as "big data + artificial intelligence". The development level of digital inclusive finance is a classical multiple attributes group decision making (MAGDM). The Probabilistic hesitant fuzzy sets (PHFSs), which utilize the possible values and its possible membership degrees to depict decision-makers’ behavior in different conditions, has been paid great attention. Though numerous methods have been applied in this environment since PHFSs has been introduced, there are still new fields to be explored. In this paper, we introduce the Cumulative Prospect Theory TODIM (CPT-TODIM) for probabilistic hesitant fuzzy MAGDM(PHF-MAGDM). Meanwhile, the information of entropy is utilized to calculate the weight of attributes, which is used to improve the classical TODIM method. At last, we utilize a numerical case for evaluating the development level of digital inclusive finance to compare the extended CPT-TODIM method with the classical TODIM method.

Multi Criteria Decision Analysis, Hesitant Fuzzy Methodology towards to Expert Systems for analysing financial markets dynamics

“…Nevertheless, the financial applications of HFS are still limited. Bisht and Kumar [74] proposed the use of HFS for financial time series forecasting while Deng and Zhang [75] constructed a HFS environment within which evaluating the development level of digital inclusive finance. A fuzzy environment has been selected also in Li et al [76] to evaluate the supply chain finance credit risk within a multicriteria decision-making (MCDM) approach.…”

Retraction: Modified CPT-TODIM method for evaluating the development level of digital inclusive finance under probabilistic hesitant fuzzy environment

“…Further editorial assessment identified concerns regarding the integrity of the peer review process. In light of these issues, the PLOS ONE Editors retract this article [ 1 ].…”