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Open AccessArticle

Evaluating Personal Default Risk in P2P Lending Platform: Based on Dual Hesitant Pythagorean Fuzzy TODIM Approach

Business School, Sichuan Normal University, Chengdu 610101, Sichuan, China
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Mathematics 2020, 8(1), 8; https://doi.org/10.3390/math8010008
Received: 26 November 2019 / Revised: 10 December 2019 / Accepted: 11 December 2019 / Published: 18 December 2019
(This article belongs to the Special Issue Optimization for Decision Making II)
An extended approach proposed in this paper is to make a more reasonable assessment of personal default risk in peer to peer (P2P) online lending platform, which reduces uncertainty while taking into account the psychological characteristics of lenders to avoid risk. The TODIM (an acronym in Portuguese of interactive and multi-criteria decision making) approach, which can describe the psychological behaviors of decision maker, has been proved to be effective to solve multi-attribute decision making (MADM) problems. The definitions of dual hesitant Pythagorean fuzzy set (DHPFS) and the processes of traditional TODIM approach are firstly introduced in this paper. Then, the TODIM approach is extended to solve the MADM problems with a dual hesitant Pythagorean fuzzy number (DHPFN). Finally, a case study evaluating the personal default risk in P2P online lending is conducted to demonstrate that the proposed approach is applicable to solve MADM problems. In addition, some comparative analyses are performed to compare the dual hesitant Pythagorean fuzzy TODIM method with the other two integrated operators of DHPFS. Through the comparisons, we conclude that the advantage of the proposed method over other methods is that it reduces uncertainty while taking into account the psychological characteristics of lenders to avoid risk. Today’s credit environment is fraught with risks, and the psychological behaviors of decision makers are important factors that cannot be ignored. For these reasons, the dual Pythagorean hesitant fuzzy TODIM method is applicable for evaluating personal default risk. View Full-Text
Keywords: dual hesitant Pythagorean fuzzy set; multi-attribute decision making; TODIM approach; psychological behaviors; peer to peer; evaluating personal credit dual hesitant Pythagorean fuzzy set; multi-attribute decision making; TODIM approach; psychological behaviors; peer to peer; evaluating personal credit
MDPI and ACS Style

Ji, X.; Yu, L.; Fu, J. Evaluating Personal Default Risk in P2P Lending Platform: Based on Dual Hesitant Pythagorean Fuzzy TODIM Approach. Mathematics 2020, 8, 8.

AMA Style

Ji X, Yu L, Fu J. Evaluating Personal Default Risk in P2P Lending Platform: Based on Dual Hesitant Pythagorean Fuzzy TODIM Approach. Mathematics. 2020; 8(1):8.

Chicago/Turabian Style

Ji, Xiaonan; Yu, Lixia; Fu, Jiapei. 2020. "Evaluating Personal Default Risk in P2P Lending Platform: Based on Dual Hesitant Pythagorean Fuzzy TODIM Approach" Mathematics 8, no. 1: 8.

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