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      Common prosperity level evaluation: A comprehensive method based on probabilistic linguistic ordered weighted distance measure, prospect theory, and TOPSIS

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          Abstract

          Introduction

          Common prosperity is a major research project in China, and the scientific measurement and evaluation of common prosperity is very important.

          Methods

          In this study, firstly, we construct a comprehensive evaluation index system for the common prosperity level (CPL). We then develop an evaluation model of CPL based on prospect theory, probabilistic linguistic ordered weighted distance measure, and the TOPSIS method, wherein we use a probabilistic linguistic term set (PLTS) to describe the uncertainty and complexity of the assessment process. Above all, we use prospect theory to reflect the preferences of experts to meet the unique needs for the evaluation of common prosperity. Moreover, we apply the proposed evaluation index system and model to evaluate the CPL of Zhejiang Province, China's first common prosperity demonstration zone, as an example to conduct relevant research. The advantages and effectiveness of the proposed method are verified by the sensitivity and comparative analysis.

          Results

          The findings prove that the application of the new PLTS evaluation framework in CPL assessment is robust.

          Discussion

          We propose specific suggestions for improving the development of common prosperity.

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          Most cited references43

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            Prospect Theory: An Analysis of Decision under Risk

            Daniel Kahneman, Amos Tversky (1979)
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              Advances in prospect theory: Cumulative representation of uncertainty

              Amos Tversky, Daniel Kahneman (1992)
              Journal of Risk and Uncertainty, 5(4), 297-323
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                Author and article information

                Contributors
                Journal
                Journal ID (nlm-ta): Front Psychol
                Journal ID (iso-abbrev): Front Psychol
                Journal ID (publisher-id): Front. Psychol.
                Title: Frontiers in Psychology
                Publisher: Frontiers Media S.A.
                ISSN (Electronic): 1664-1078
                Publication date (Electronic): 15 March 2023
                Publication date Collection: 2023
                Volume: 14
                Electronic Location Identifier: 1152333
                Affiliations
                [1] 1School of Business, Ningbo University , Ningbo, China
                [2] 2School of Statistics and Mathematics, Zhejiang Gongshang University , Hangzhou, China
                [3] 3College of Economics and Management, Nanjing University of Aeronautics and Astronautics , Nanjing, China
                Author notes

                Edited by: Yuan-Wei Du, Yunnan University, China

                Reviewed by: Dejian Yu, Nanjing Audit University, China; Xindong Peng, Shaoguan University, China; Zaoli Yang, Beijing University of Technology, China

                *Correspondence: Shouzhen Zeng zengshouzhen@ 123456nbu.edu.cn

                This article was submitted to Quantitative Psychology and Measurement, a section of the journal Frontiers in Psychology

                Article
                DOI: 10.3389/fpsyg.2023.1152333
                PMC ID: 10050891
                SO-VID: 83bab6d6-2ad8-41a2-b325-53d9b0832937
                Copyright © Copyright © 2023 Zhang, Yu, Jiang, Zeng and Wang.
                License:

                This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

                History
                Date received : 27 January 2023
                Date accepted : 13 February 2023
                Page count
                Figures: 4, Tables: 5, Equations: 32, References: 43, Pages: 13, Words: 8050
                Funding
                This study was supported by the Social Sciences Planning Projects of Zhejiang (21QNYC11ZD), the Statistical Scientific Key Research Project of China (2021LZ33), and the Postgraduate Research and Innovation Practice Project of Jiangsu Province (KYCX17_0222).
                Categories
                Subject: Psychology
                Subject: Original Research

                ScienceOpen disciplines: Clinical Psychology & Psychiatry
                Keywords: common prosperity,probabilistic linguistic term,prospect theory,ordered weighted distance measure,topsis
                Data availability:
                ScienceOpen disciplines: Clinical Psychology & Psychiatry
                Keywords: common prosperity, probabilistic linguistic term, prospect theory, ordered weighted distance measure, topsis

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